The Company has been a pioneer in its leadership position of application of electrical energy. CG Power and Industrial Solutions has world-class manufacturing plants across 9 locations in India and one in Sweden with around 3,100 employees. It has been the supplier of high quality, 'Smart' electrical, industrial and consumer products and solutions across the world over. It's unique and diverse portfolio ranges from Induction Motors, Drives, Transformers, Switch gears and other allied products for the Industrial and Power sectors as well as Traction Motors, Propulsion systems and Signal Relays for the Indian Railways.
Recently, the company has also made a foray into the business of Consumer Appliances (Fast Moving Electrical Goods) such as Fans, Pumps and Water Heaters in the vast domestic market.
The company's portfolio has been structured into two business lines-Industrial Systems (including Motors, Railways and Fast Moving Consumer Goods) and Power Systems. For the second quarter of FY25, CG Power and Industrial Solutions posted sales of 2270 crores and profit before tax of 298 crores showing a growth of 19% y-o-y.
Bu hikaye The Business Guardian dergisinin December 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin December 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Maruti Registers 30 Per Cent Increase in December Sales
In December 2024, Maruti Suzuki India sold a total of 178,248 car units, which is about 30 per cent higher than a year ago period.
EVs Ready To Fly, No Need For Further Subsidy: Goyal
India's electric mobility space is \"absolutely ready to fly\" and there is no need for newer incentives or subsidies, Commerce Minister Piyush Goyal said Friday, after a meeting with officials from various ministries and stakeholders of the Indian EV ecosystem.
M&M Records 16 Per Cent Increase in December Sales
Automotive company Mahindra & Mahindra (M&M Ltd.) witnessed a 16 per cent increase in overall automotive sales, with 69,768 units in December, the company stated on Wednesday in its exchange filing.
Bajaj Auto Domestic Sales Slumped in December, Offset by Rise in Exports
In December 2024, Bajaj Auto's total sales (including two-wheelers and commercial vehicles) stood at 3,23,125 units, marginally lower by 1 per cent compared to 3,26,806 units in December 2023.
China Proposes Export Controls on Critical EV Technology
China is planning to impose new export restrictions on technologies used to extract minerals vital for the global electric vehicle (EV) industry, signaling an escalation in its ongoing tech rivalry with the United States, CNN reported.
Hyundai Teases Creta Electric Ahead of 2025 Launch
Hyundai has officially teased the upcoming Creta Electric, its latest electric SUV, which is anticipated to launch at the 2025 Bharat Mobility Global Expo.
Allahabad HC Stays Arrest of SP MP Ziaur Rahman Barq
The Allahabad High Court on Friday issued a temporary stay on the arrest of Samajwadi Party MP Ziaur Rahman Barq, who is accused in connection with the violence that erupted in Sambhal district, Uttar Pradesh, during a survey of the Shahi Jama Masjid, a historic Mughal-era mosque.
Nampally Court Grants Bail to Actor Allu Arjun
The Hyderabad Court on Friday granted regular bail to Telugu actor Allu Arjun, who had been named as an accused in a case related to a fatal stampede during the premiere of his film Pushpa-2.
Court Remands Accused Couple to Judicial Custody
A court in Thane district, Maharashtra, has remanded a couple in judicial custody until January 18 for their alleged involvement in the abduction, rape, and murder of a 12-year-old girl.
TV actor Shweta Tiwari withdraws plea in Bombay HC
Television actor Shweta Tiwari recently withdrew her petition before the Bombay High Court seeking to quash a forgery case against her, after the police submitted an A-summary report.
