CG Power gains on launching next generation of compact drives for Industrial Automation

10 Jun 2019

CG Power & Industrial Solutions is currently trading at Rs. 32.90, up by 0.25 points or 0.77% from its previous closing of Rs. 32.65 on the BSE.

The scrip opened at Rs. 32.95 and has touched a high and low of Rs. 33.40 and Rs. 32.80 respectively. So far 28196 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 65.20 on 30-Jul-2018 and a 52 week low of Rs. 21.40 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 36.60 and Rs. 32.00 respectively. The current market cap of the company is Rs. 2046.33 crore.

The promoters holding in the company stood at 12.79%, while Institutions and Non-Institutions held 42.99% and 44.22% respectively.

CG Power and Industrial Solutions has launched new Emotron VSX and Emotron VSM Series variable speed Drives for critical applications. This newly launched series are not only packed with advanced features but also compact in size. The new drive introduces a breakthrough control technology, developed by CG that brings high performance Motor control to demanding processes used in various industries. The newly launched products cater to the high demand coming from the domestic market.

The company also launched high performance Programmable Logic Controller (PLC) for the automation process and Human Machine Interface (HMI) for an Industrial process. With the launch of PLC and HMI, CG is to tap the potential of new market for the Automation sector.

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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