CG Power Shares Jump 2.7% as Subsidiary CG Semi Launches OSAT Facility in Gujarat

Mumbai, Aug 29, 2025; CG Power and Industrial Solutions Ltd (NSE: CGPOWER, BSE: 500093) surged 2.71% in the morning trade to ₹682, having closed at ₹664 in the previous session. The rally took place the day after yesterday, when its subsidiary, CG Semi, opened one of the first full-service Outsourced Semiconductor Assembly and Test (OSAT) facilities in Sanand, Gujarat.

Stock Hits ₹693 Intra-Day Amid 4.36% Net Rally, Volume of 49.56 Lakh Shares Boosts Market Sentiment

As of 11:40 AM, CG Power shares are trading at ₹693, marking a net gain of 4.36% from yesterday’s close of ₹664. During the session, the stock hit an intraday high of ₹693.00 and a low of ₹668.25. Trading volume reached 49.56 lakh shares, generating a turnover of ₹335.80 crore, with a VWAP of ₹677.59. The stock’s 52-week range stands at ₹517.70–₹874.70, with a market capitalization of ₹1,07,427.32 crore and a free-float market cap of ₹44,677.30 crore.

About CG Power: Murugappa Group Firm Specializing in Heavy Electrical Equipment Since 1937, Listed in Nifty Next 50

Headquartered in India, CG Power and Industrial Solutions Ltd is a Nifty Next 50 constituent that manufactures heavy electrical equipment. Founded in 1937 and listed on NSE and BSE since 1995, it now leverages strategic ventures like the OSAT plant to diversify into semiconductors.

CG Semi’s ₹7,600 Cr OSAT Investment in Gujarat Could Accelerate India’s Semiconductor Self-Reliance

The first OSAT plant (G1) began customer qualification runs, with commercial production slated for 2026. G2, under construction, is expected to significantly enhance capacity by the end of 2026, creating 5,000 jobs and boosting India’s chip manufacturing capabilities.

Partnership With Renesas Electronics and Stars Microelectronics Strengthens CG Semi’s Strategic Footprint

The collaboration with Renesas Electronics and Stars Microelectronics positions CG Semi for long-term growth in the semiconductor sector, enhancing technological capabilities and aligning with national initiatives for local chip production.

Chairman Vellayan Subbiah Calls OSAT Facility a Milestone for India’s Technological Sovereignty

At the inauguration of the new OSAT facility, Vellayan Subbiah, Chairman of CG Power, remarked,

“This facility represents more than a milestone for me or for CG Semi; it is a national milestone. Every chip we make here is a step toward India’s technological sovereignty.”

He emphasised that the facility not only strengthens CG Semi’s capabilities but also marks a significant stride for India in achieving self-reliance in semiconductor technology.

The opening of the OSAT plant in CG Power is a strategic move into the semiconductor ecosystem in India. The project has established good partnerships, job creation, and expansion strategies that enhance growth opportunities, thereby improving long-term investor confidence and aligning well with India’s self-reliance objectives.

REF: https://nsearchives.nseindia.com/corporate/CGPOWER_28082025173125_Disclosure_Press_Release_28_08_2025.pdf

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