Introduction:
Leading semiconductor company has signed a Fiscal Support Agreement with the India Semiconductor Mission (ISM) to establish an Outsourced Semiconductor Assembly and Test (OSAT) facility. The project receives a ₹3,501 crore subsidy to boost India’s semiconductor capabilities.
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Share price movement of CG Power:
On January 17, 2025, CG Power and Industrial Solutions Limited opened at ₹625.00, down 0.56% from its previous close of ₹627.55. The stock reached a high of ₹652.50 (3.98%) and a low of ₹620.25. By 3:17 PM, it traded at ₹649.05, a 3.43% increase, with a market cap of ₹99,223.97 crore.
CG Power Signs Fiscal Support Agreement:
CG Power and Industrial Solutions Limited (CG Power) announced the execution of a Fiscal Support Agreement with the India Semiconductor Mission (ISM) and CG Semi Private Limited for setting up an Outsourced Semiconductor Assembly and Test (OSAT) facility.
The project, which is part of India’s push to strengthen semiconductor manufacturing, has received a subsidy of up to ₹3,501 crores under the Modified Scheme for semiconductor facilities. The agreement was signed on January 17, 2025.
The subsidy grant aims to support capital expenditure for setting up the OSAT facility. This move is a significant step towards enhancing India’s capabilities in the semiconductor sector, contributing to the country’s technological self-reliance and growth in electronics.
Recent news on CG Power:
As of December 30, 2024, CG Power & Industrial Solutions allotted 12,500 equity shares under its ESOP scheme, increasing the paid-up share capital to ₹3,05,75,13,888, with a total of 1,52,87,56,944 equity shares.
Stock performance of CG Power for Period of 1 week, 6 months and 1 year:
CG Power & Industrial Solutions has shown mixed performance, with a 1-week decline of 3.57% and a 6-month drop of 7.20%. However, the company has demonstrated strong growth over the past year, with a notable 38.4% return.
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Shareholding pattern of CG Power:
| 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% | 10.10% |
| Public | 15.90% | 16.20% | 16.60% |
About CG Power:
CG Power and Industrial Solutions Limited (NSE: CGPOWER) is a B2B company specializing in power transmission, distribution equipment, and industrial systems. It offers solutions in rotating machines, drives, railway electronics, and power management, evolving from Crompton Greaves Ltd.
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.
