CG Power Rolls Out First Transformer from New ₹792 Cr Plant
CG Power and Industrial Solutions Ltd has announced the rollout of the first transformer from its new greenfield manufacturing facility in Sehore, Madhya Pradesh. This facility, a significant expansion of its transformer business, has an initial operational capacity of 10,000 MVA, with plans to progressively reach a total capacity of 45,000 MVA. The total investment for this project is ₹792 Crores, financed through QIP and internal accruals. The company highlights that this expansion will bolster India's power infrastructure manufacturing capabilities, support the 'Aatmanirbhar Bharat' initiative, and cater to increased demand from renewables, data centers, and export markets. The Hon'ble Chief Minister of Madhya Pradesh graced the occasion, emphasizing the project's contribution to local employment and the state's industrial growth.
Key Highlights
- First transformer rolled out from new greenfield facility in Sehore, MP.
- Initial capacity of 10,000 MVA, planned total capacity of 45,000 MVA.
- Total investment of ₹792 Crores, financed via QIP and internal accruals.
- Enhances India's power infrastructure manufacturing and supports exports.
- Project expected to create over 2000 direct and indirect jobs in Sehore.
Price Impact
More from CGPOWER