CG Power to expand transformer production

The firm closed Q3 of FY23 with a net profit of Rs 242.75 cr down from Rs 359.61 cr logged during the previous year corresponding period.

DT NEXT Bureau

Updated:25th Jan, 2023 at 6:26 AM

CHENNAI: The Murugappa Group company, CG Power and Industrial Solutions Ltd will expand its power transformers and distribution transformer units at an outlay of Rs 126 cr.

The firm closed Q3 of FY23 with a net profit of Rs 242.75 cr down from Rs 359.61 cr logged during the previous year corresponding period.

In a regulatory filing, the company said its Board had approved the investment of Rs 126 cr to expand the power transformers and distribution transformer units at Malanpur and Bhopal.

The proposed expansion would increase the capacity from 17,000 MVA to 25,000 MVA for power transformer and from 6,900 MVA to 9,900 MVA for distribution transformers.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

SCROLL FOR NEXT

CG Power to expand transformer production

The firm closed Q3 of FY23 with a net profit of Rs 242.75 cr down from Rs 359.61 cr logged during the previous year corresponding period.

Also Read

Chennai, districts receive showers as northeast monsoon onset nears; heavy rain forecast across TN

TVK will take a call if AIADMK MLAs switch sides: Minister Arunraj

Madras HC questions repeated denial of permission for RSS marches in TN

TN Class 12 public exams to begin on March 3, Class 10 exams from March 17

Madras HC grants conditional bail to fourth accused in Kavin Selva Ganesh murder case