CG Power and Industrial Solutions has received approval to expand the manufacturing capacity of Motors at its plants at Ahmednagar and Goa at a capital outlay of Rs 230 crore. The proposed expansion would increase the capacity of Low Tension Motors (LT Motors) upto 19.92 lakh nos. per annum, from the existing capacity of 9.93 lakh nos. per annum. The current capacity utilisation is around 80%. The expansion project will be implemented in 2 phases over a period of 4 years and will be funded through internal accruals. The expansion is proposed considering the expected increase in future demand for AC motors. The board of directors at its meeting held on October 19, 2022 has approved the same.
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 |
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Siemens | 5230.00 |
Havells India | 1522.45 |
Apar Inds | 6986.80 |
ABB India | 6350.00 |
CG Power & Indl.Soln | 539.95 |
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