CG Power and Industrial Solutions is looking for shareholders' nod to borrow up to Rs 5,000 crore to meet working capital and other business needs. The company has called an annual general meeting of shareholders on December 14 where the resolution for borrowing will be put to vote.
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.