CG Power Gains More Than 2% After Securing Record ₹641 Cr Transformer Order from PGCIL

Mumbai, June 17, 2025: CG Power and Industrial Solutions Ltd (NSE: CGPOWER) surged 2.32% to close at ₹698.00 on Tuesday after announcing its largest-ever order win. The company secured a ₹641 crore contract from Power Grid Corporation of India Limited (PGCIL) for the supply and servicing of the 765kV Transformer Package 7TR-12-Bulk. This landmark deal not only marks a significant milestone in CG Power’s growth trajectory but also strengthens its position in the high-voltage equipment segment, signaling increased revenue potential and long-term business momentum.

Stock Movement and Market Snapshot (as of 15:30 IST)

Order Highlights: ₹641 Cr Deal with PGCIL

According to the company’s disclosure, the deal, which is worth about ₹641 crore (USD 74 million), is for the 765kV Transformer Package 7TR-12-Bulk under Lot-4 of PGCIL’s new way of buying things. It includes the delivery of single-phase transformers that work at 765/400 kV. The equipment will be delivered in 18 to 36 months.

• Order Value: ₹641 crore (approx. USD 74 million)
• Category: 765/400 KV 1-ph Transformers
• Client: Power Grid Corporation of India Ltd (PGCIL)
• Duration: 18–36 months

CG Power’s Industry Standing

With a heritage of over 88 years, CG Power ranks among the top global manufacturers of power and distribution transformers. The firm offers transformers from 25 kVA to 1500 MVA and up to 765kV class, conforming to international standards (IEC, ANSI, IS, BS) and catering to diverse sectors like utilities, railways, process industries, and industrial power users.

Financials & Business Profile

The company reported a consolidated revenue of ₹9,909 crore (USD 1.15 billion) for FY25 and employs over 3,100 personnel. Its operations span 9 manufacturing units in India and one in Sweden. Since November 2020, it has been part of the Chennai-based Murugappa Group, a ₹74,200 crore diversified conglomerate with presence across engineering, finance, and consumer products.

About CG Power and Industrial Solutions Ltd

Listed on both NSE and BSE since March 1, 1995, CG Power is a leader in the electrical engineering domain. Its offerings include industrial motors, propulsion systems, transformers, switchgears, and recently, consumer appliances like fans and water heaters. The stock is part of the NIFTY NEXT 50 index and is classified under the “Heavy Electrical Equipment” sector.

• Listing Status: Active
• Index Inclusion: NIFTY NEXT 50
• ISIN: INE067A01029
• Face Value: ₹2

Outlook

This important PGCIL order makes CG Power even more of a pioneer in high-voltage electrical infrastructure. The arrangement fits with India’s expanding demand for transmission services and should help CG’s revenue visibility in the short run. What it could mean:

• Stronger revenue visibility
• Enhanced industry positioning
• Increased investor interest

REF: https://nsearchives.nseindia.com/corporate/CGPOWER_17062025145403_Disclosure_Press_Release_17062025.pdf

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