CG Power and Industrial Solutions has taken a key step forward in its planned greenfield transformer manufacturing project. The company announced that it has secured land for the upcoming facility, which will have a proposed capacity of 45,000 MVA.
In an update following its earlier board meeting held on January 28, 2025, CG Power confirmed that the Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has officially allotted approximately 45.13 acres of land for the project. The plot, located in the village of Jahangirpura, Tehsil Sehore, in Sehore district, has been granted on a 99-year lease.
This new facility is planned to be set up in Western India as part of the company’s efforts to expand its transformer business through a greenfield investment. The land handover marks a significant milestone in the project’s development, paving the way for construction and operations planning to move ahead.
In the meantime, CG Power shares ended Friday’s session at ₹652.30 after opening at ₹662.05. Throughout the day, the stock hit an intraday high of ₹665.90 and a low of ₹649.55. The stock has been trading well below its 52-week high of ₹874.70, though still above the 52-week low of ₹517.70.
