Introduction:
Leading railway safety systems provider has secured a significant KAVACH order from Chittaranjan Locomotive Works, West Bengal. The contract involves supplying, installing, testing, and commissioning the Train Collision Avoidance System (TCAS) for 11 years.
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Share price movement of CG Power and Industrial Solutions:
On November 27, 2024, CG Power and Industrial Solutions Ltd opened at ₹743.45, up 1.2% from its previous close of ₹734.70. The stock hit a high of ₹755.15 and a low of ₹738.25. The stock is trading at ₹752.10, reflecting a 2.37% increase. The market cap stands at ₹1,14,960.60 crore.
GGT secures KAVACH order from Indian Railways:
G.G. Tronics India Private Limited (GGT), a subsidiary of CG Power and Industrial Solutions Limited, has secured a prestigious KAVACH order from Chittaranjan Locomotive Works, West Bengal, Government of India.
The contract involves supplying, installing, testing, and commissioning Onboard KAVACH equipment for 11 years. The KAVACH system, also known as the Train Collision Avoidance System (TCAS), is designed to enhance railway safety.
GGT specializes in electronic safety embedded signalling systems and has become a trusted vendor for Indian Railways in this domain. It’s expertise in railway signalling, alongside its R&D and manufacturing capabilities, strengthens its role as a leader in India’s railway safety sector.
Recent news on CG Power and Industrial Solutions:
As of November 22, 2024, CG Power and Industrial has granted Manufacturer Approval to Relicab Cable Manufacturing Limited for supplying Interconnecting Control Cables for POWERGRID projects up to 765kV, validating Relicab’s commitment to quality and compliance.
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Stock performance of CG Power and Industrial Solutions for Period of 1 week, 6 months and 1 year:
CG Power and Industrial Solutions Ltd has shown strong performance, with a 4.86% return over the past week, 19% over the last six months, and a remarkable 74.4% return over the past year, reflecting consistent growth and investor confidence.
Shareholding pattern of CG Power and Industrial Solutions:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 58.10% | 58.10% | 58.10% |
| FII | 14.60% | 14.60% | 15.20% |
| DII | 11.40% | 11% | 10.10% |
| Public | 16% | 16% | 16.60% |
About CG Power and Industrial Solutions:
CG Power and Industrial Solutions Ltd (NSE: CGPOWER), headquartered in Mumbai, is a leader in electrical engineering. It manufactures products for railways, industrial, and power sectors. With a global presence and FY24 revenue of ₹8,046 cr, it is expanding into consumer appliances.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
