The Board of CG Power and Industrial Solutions Ltd has given its consent to expand the manufacturing capacities of motors at its facilities, the company said on Tuesday.
The manufacturing units located at Ahmednagar and Goa would be taken up for expansion at an outlay of Rs 230 crore and for transformers at its plants in Bhopal and Malanpur at an investment of Rs 126 crore, the company part of the diversified conglomerate Murugappa Group said.
Meanwhile CG Power and Industrial Solutions Ltd said it has reported a consolidated profit after tax for the quarter ending March 31, 2023 at Rs 426.22 crore.
