CG Power eyes consortium, JV routes for large railway projects
CG Power and Industrial Solutions, a Murugappa group company, is actively pursuing opportunities in contract manufacturing for Indian and global projects to grow its railway business. It is looking to participate in large railway projects like Vande Bharat through consortium and JVs with other technology players.
In an earnings call, the management of the company said it has been working supply towards tie-ups for projects like Vande Bharat and others. “Our endeavour for forging a partnership with a technology partner for any future tenders would be continuing,” the company said.
