CG Power and Industrial Solutions has informed that in accordance with Regulation 30 of the SEBI Listing Regulations read with Schedule-Ill thereto, the Board of Directors of the Company has, at its meeting held today (i.e. Tuesday, 28th January, 2025), considered and approved the following: 1. Unaudited Financial Results:- Unaudited Financial Results, Segment-Wise Financial Report, both on standalone as well as consolidated basis, for the 3rd quarter and nine months ended 31st December, 2024 (Financial Results) as recommended by the Audit Committee of the Company. A copy of the Financial Results is enclosed for information and records. They also enclosed a copy of the Limited Review Report on the Financial Results for the 3rd quarter and nine months ended 31st December, 2024, signed by S R B C & CO LLP, Chartered Accountants, Statutory Auditors of the Company; Establishment of a greenfield Transformer Business (Setting up of new Transformer Plant of capacity 45000 MVA} manufacturing facility in Western India:- Considering the long-term demand in market along with Company's scope of increasing its sales in domestic market and penetrate export markets in selected geography, approval of the Board has been granted for establishing the Green Field Transformer manufacturing facility of 45000 MVA capacity in Western India at an estimated cost of Rs.712 Crores (net of taxes). The project will be primarily funded through internal accruals, equity or debt or a combination of it and is expected to be completed in FY 2027- 28.
The above information is a part of company’s filings submitted to BSE.
