CHENNAI: The shares of Murugappa Group company CG Power surged almost 20% in trade to Rs. 469 on Wednesday following announcement of its plans to get into semiconductor assembly.
Mumbai-based CG Power and Industrial Solutions, which was acquired by Tube Investments in 2020, has filed an application to set up an outsourced semiconductor assembly and test facility (OSAT) in India with an investment of about $791 million (Rs 6,600 crore).
spread over five years, the company said on Wednesday.
