Serious Fraud Investigation Office (SFIO) has started investigation against CG Power and Industrial Solutions and 15 group companies for alleged irregularities into their business affairs.
Earlier, Ministry of Corporate Affairs (MCA) has filed a petition before the Mumbai-bench of the National Company Law Tribunal seeking permission to re-open the books of account and recast the financial statements of CG Power and its subsidiary companies for the past five financial years beginning 2014-15.
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.
Company Name | CMP |
---|---|
Siemens | 5730.40 |
Havells India | 1574.00 |
Apar Inds | 7836.00 |
ABB India | 6410.95 |
CG Power & Indl.Soln | 541.00 |
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