CG Power surges on bagging order worth Rs 319 crore from Indian Railways

06 Jun 2018

CG Power & Industrial Solutions is currently trading at Rs. 56.00, up by 0.45 points or 0.81% from its previous closing of Rs. 55.55 on the BSE.

The scrip opened at Rs. 56.55 and has touched a high and low of Rs. 57.20 and Rs. 56.00 respectively. So far shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 99.00 on 15-Jan-2018 and a 52 week low of Rs. 53.85 on 01-Jun-2018.

Last one week high and low of the scrip stood at Rs. 76.75 and Rs. 53.85 respectively. The current market cap of the company is Rs. 3481.57 crore.

The promoters holding in the company stood at 34.42%, while Institutions and Non-Institutions held 49.70% and 15.88% respectively.

CG Power & Industrial Solutions has bagged a large order from the Indian Railways valued at Rs 319 crore to supply Under Slung Electrics for Diesel Electric Tower Car (DETC).

Large quantities of DETCs are required for massive track electrification drive taken up by Indian Railways across the country. More than 1000 DETCs shall be required for electrification and thereafter for inspection and maintenance in the coming years.

Avantha Group Company CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG’s offerings include electrical products, systems and services for utilities, power generation and industries.

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