Support: +91-22-61011756 /
1. Boolean Searches :

i. AND - Shows results where both terms on either side of the 'AND' operator are present. 'AND' must be in upper case. For example search term - delhi AND metro result - It will return records in which 'delhi' as well as 'metro' both are present.

ii. OR - Shows results where either term (or both terms) is present. 'OR' must be in upper case. For example search term - delhi OR metro result - It will return records in which either 'delhi' or 'metro' or both are present

2. Proximity Searches

A proximity search looks for terms that are within a specific distance from one another. For example, search term - 'delhi metro'~10 result - It will search for records where 'delhi' and 'metro' are found within 10 words of each other

3. Phrase searches

You can search phrases using double quotes. for e.g. 'delhi metro' result - It will return records where 'delhi metro' phrase is found.

CG Power and Industrial Solutions chalks out Rs 135 cr capex for FY22

Monday, 14 Jun 2021
Share this on :
CG Power and Industrial Solutions, acquired by the Tube Investments of India Group Company of Murugappa Group, has chalked out capital expenditure plans of Rs 135 crore for FY22. 
The capex plan will be utilised to improve production at its manufacturing facilities. The Board of Directors of the company has approved a capex programme of Rs 135 crore to be implemented in FY22. 
The capex will be spent in balancing, debottlenecking and modernising facilities at the plants to improve production and productivity.
Tube Investments of India acquired CG Power and Industrial Solutions on 26 November 2020 and the board of reconstituted CG Power with Vellayan Subbiah becoming the new Chairman and Natarajan Srinivasan was appointed as Managing Director. 
On the financial performance, the company reported Rs 673.77 crore for Q4/FY21 as against a net loss at Rs 184.36 crore during Q4/FY20. For FY21 standalone net loss was at Rs 208.93 crore as compared to a net loss at Rs 1,799.20 crore recorded in FY20. 
The standalone total income for Q4/FY21 went upto Rs 1,036.06 crore from Rs 472.20 crore registered in Q4/FY20. For FY21, standalone total income stood at Rs 2,568.06 crore as against Rs 3,226.36 crore registered in FY20.  
Margins were impacted due to steep increase in materials costs (impact at five percent sales) as the company could not procure or cover these items earlier due to financial difficulties. 
The industrial systems division reported a 47 percent growth on sales for Q4/FY21 at Rs 740 crore while the order intake was higher at Rs 814 crore. 
The Power Systems division registered 40 percent Q-o-Q growth at Rs 282 crore and the order intake during Q4/FY21 was higher on Y-o-Y basis at Rs 814 crore. The order book in the power systems division was at Rs 1,057 crore.
Post Your Comments


Sign up to start your trial access

Are you...


Free access to Project News and Analysis

Project and Tender Alert in your mailbox

Explore the largest Database on Projects for free

Be part of Online Projects Community

User login
Start Exploring

Subscribe to any of our premium plans to

Access to complete information on 43000+ projects

Use our Notification service for instant update on projects and tenders

Closely monitor your opportunities with "WORKSPACE"

Use our online platform for promotions of your products and services