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CG Power gets shareholders' nod to borrow up to Rs 5,000 crore

17 Dec 2019 Evaluate

CG Power and Industrial Solutions has received a shareholders' nod to borrow up to Rs 5,000 crore to meet working capital and other business needs. As many as 99.99 per cent of shareholders, at the company's annual general meeting held on December 14, voted in favour of a resolution moved for raising borrowing limit.

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.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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