CG Power Approves Major Capacity Expansion, Reports Q1 Financial Results

CG Power Approves Major Capacity Expansion, Reports Q1 Financial Results​

CG Power and Industrial Solutions Limited announced significant corporate developments today, including approval of a major Brownfield expansion project for its Extra High Voltage (EHV) Gas Insulated Switchgear (GIS) manufacturing division. The company also released its unaudited financial results for the first quarter (Q1) of the fiscal year ended June 30, 2026, across both standalone and consolidated levels.

The Board of Directors approved the Brownfield expansion project to address constraints in the existing EHV GIS facility located at Vilholi, Nashik. The company stated that its current manufacturing plant is operating at full capacity regarding production throughput and physical space, making it unable to accommodate additional equipment or production lines without disrupting ongoing operations.

To meet the rising demand from its order pipeline and prevent compromising delivery timelines and quality standards, the Board decided to expand capacity by doubling the existing manufacturing output.

Expansion Project Details​

The project is estimated to cost Rs. 35.17 Crores (net of taxes) and is targeted for completion within a four-to-six month period. The company noted that upon commissioning of the new Greenfield facility, approximately 87% of the Brownfield project assets will be transferred to it.

The current operational status of the existing capacity stands as follows:

Q1 Standalone Financial Performance Highlights​

The unaudited standalone financial results for the quarter ended June 30, 2026, reflected strong performance. Total income reached Rs. 3142.21 crores. The company reported a profit after tax of Rs. 363.59 crores and an Earnings Per Share (EPS) of 2.31.

The segment-wise data showed:

Consolidated Financial Results Summary​

The unaudited consolidated financial results for the quarter ended June 30, 2026, showed a total income of Rs. 3364.39 crores. The Group generated a profit after tax of Rs. 308.28 crores and reported comprehensive income after tax of 299.55 crores.

The consolidated segment results include:


The Group's total segment assets stood at Rs. 13501.67 crores, while total segment liabilities were reported at Rs. 4989.24 crores.

Management also confirmed that the company has been involved in ongoing direct tax litigations, which are pending before various forums, though management remains confident of a favorable outcome based on prevailing jurisprudence and legal opinions. Additionally, funds raised during the previous financial year through Qualified Institutions Placement (QIP) remain partially unutilized and have been temporarily invested in fixed deposits and mutual funds.

CGPOWER Stock Price Movement​

CG Power and Industrial Solutions Limited shares are slipping by 4.84% in live trading, currently at ₹841.05 as of 2:37 PM. The stock trades on a volume of 4.63 million shares, falling significantly from the day's high of ₹894 while trading against a previous close of ₹883.8.