CG Power & Industrial Solutions Ltd
NSE: CGPOWER BSE: 500093
₹813.35
-3.75 (0.46%)
Wed, 28 Oct 2026, 10:00 pm
Market Cap (in Cr)128392.79
PE Ratio93.20
Dividend0.16
Producer Manufacturing
Electrical Products
24.5KCG Power & Industrial Solutions Ltd Company History
1937
- Incorporated on April 28 as The Crompton Parkinson (Works) Ltd.
1947
- Wholly owned subsidiary of Crompton Parkinson Ltd., England.
1966
- Amalgamated Greaves Cotton & Crompton Parkinson Ltd. effective January 1.
- Changed name to Crompton Greaves Ltd. on August 2.
1975
- Technical collaboration with Hitachi for moulded case circuit breakers expired.
1978
- Entered technical collaborations with Westinghouse, Brush Electricals, Hawker Siddeley, Emile Haefely, Hundt & Weber, Westinghouse Brake, Siemens, Hitachi, Mitsubishi, NEI Reyrolle, Power Conversion, Sekar.
- Pavana Investment Pvt. Ltd. incorporated and became wholly-owned subsidiary.
- Hind Condensor Pvt. Ltd. became wholly-owned subsidiary of Pavana; both became deemed public.
- Issued 2,40,000 bonus shares 1:3.
1981
- Kerala Electric Lamp Works Ltd. became subsidiary.
1986
- Promoted Punjab Power Generation Machines Ltd. with Punjab SIDC for hydro turbines.
- Promoted Goa Electricals and Fans Ltd. with EDC Goa for ceiling fans.
1987
- Commissioned vacuum interrupters plant at Aurangabad.
- Commissioned industrial electronics and signalling plants at Nashik, relays at Pithampur.
- Implemented diversification projects for fluid purifiers, telecom equipment, transformers.
- Developed 33 KV SF6 breakers, local transformers, hydro generators.
- Added R&D lab for illumination.
- Promoted Goa Telematics Ltd.
- Promoted CG-PPI Adhesive Products Ltd. with Pl Adhesives Ireland.
1988
- Developed supervisory control, data acquisition, programmable logic controllers.
- Commissioned JV plants for telematics at Goa and TV receivers at Pithampur.
1989
- R&D developed magnetic amplifier AC drive, impulse tests, electronic chopper, energy efficient fans.
- Issued 9,60,000 bonus shares 1:1.
1990
- Commissioned rural telecommunication unit at Bangalore, transformers at Malanpur, fluid purifier at Aurangabad.
- Entered collaborations with Kato, Westinghouse Brake & Signals, Hitachi.
- R&D introduced feature phones, UPS, test systems, SF6 switch.
- Implemented adhesive tapes and turbine projects.
- Promoted CG-Teltec JV with Teltec Denmark.
- Promoted CG-Newage Electrical JV with Newage UK.
- Amalgamated Kerala Electric Lamp Works effective April 1; issued shares.
1991
- R&D developed automatic test systems, impulse test systems, polyurethane paint.
- Offered 6,40,000 12.5% convertible debentures on rights; 32,000 to employees.
- Converted debentures into 6,72,000 equity shares.
- Allotted 13,11,216 rights equity shares; 264 shares pursuant to amalgamation.
1992
- Commissioned JV for electric meters at Gurgaon and lithium batteries at Goa.
- Commissioned CG-Newage Electrical plant at Ahmednagar.
- R&D developed DC/AC current sensor and mixed dielectric insulation.
1993
- Commissioned JV for micro motors at Chennai EPZ and solid state energy meters at Gurgaon.
- Launched JV for electronic battery chargers at Chennai.
- R&D introduced AC drives, static converters, brushless DC motors.
- Offered 12,96,132 equity shares on rights; 64,807 to employees.
- Proposed US $35 million equity/convertible bonds/DRs.
1994
- Commissioned medium voltage ring main units project at Nashik.
- Stampings factory at Mumbai launched non-silicon electrical steel stampings.
- Submitted bid for cellular services with Millicons.
- Promoted CG Communication Pvt. Ltd. for cellular services.
- To invest 60% in CG Graphnet for data services.
- Proposed 40.5% investment in Skycell Communications.
- Established labs at Kanjur, Ambad, Worli; Central R&D recognized.
- Developed new products including electronic speed governor, co-generation packages.
- Allotted 52,50,000 shares at premium to FIIs.
1995
- Set up transformer factory at Bhopal with 5000 MVA capacity.
- Developed 290 MVA 220 KV generator transformer.
- Amalgamated Hind Condensor, Goa Telematics, Northern Digital Exchanges; issued shares.
1996
- Restructured into Power Systems, Industrial Systems, Consumer Products, and Digital groups.
- Amalgamated Indocom Industries and Lumino Lamps; issued shares.
- Issued US $50 million GDRs.
1997
- Issued 249,343 14% secured NCDs; 10,00,000 19% NCDs.
- Amalgamated Kersons Manufacturing and Goa Electricals and Fans Ltd.; issued shares.
- Formed JV with ELIN for generators.
- Opened Energy Conservation Cells.
- Formed CG Elin Power Systems JV.
- Signed MoU with Allied Signal for amorphous metal transformers.
- Formed JV with NEC for microwave telecom systems.
- Goa Electricals and Fans Ltd. to amalgamate with CGL.
- Crompton Greaves-Powerware JV to unveil UPS systems.
- JV with NEC for microwave radio equipment.
- Talks with Elin for JV in power transmission.
1998
- Formed 40:60 JV with Link Middle East for medium voltage vacuum switchgear at Dubai.
- Collaborated with Allied Electrical for higher rating transformers.
- CGPL became wholly-owned subsidiary.
- Received A1 rating from ICRA for short-term debt.
1999
- PPGML facilities for hydro-turbines up to 120 MW operational.
- Signed MoU with Tadiran Telecommunications.
- Entered technical collaboration with Allied Signal for Amorphous Metal Transformers.
- Signed four-year wage settlement.
2000
- Sold 40.5% stake in Skycell Communications for Rs 95 crore.
- Gautam Thapar joined as Director.
- Informatics division tied up with Remedy Corporation.
- Sold Low Tension Control Gear division at Nashik to Schneider Electric for Rs 76 crore.
- Hived off Skycell for Rs 124 crore.
- Introduced Gothica and Exotica fan models.
2001
- Launched indiawomenpower.com and tenderpower.com portals.
- CG-Digital launched digital and KTS/EPABX systems.
- Held stakes in CG Igarashi Motors and CTR Manufacturing Industries; proposed transfer to CG Capital & Investments.
- Began importing electrical components from Chinese manufacturers.
2002
- S D Crowther relinquished Directorship.
- Divested 38% stake in CG Newage Electrical Ltd. to Cummins India.
2003
- Appointed S Labroo as Additional Director.
- Solaris Chemtech increased holding to 12.65%.
- Approved capital restructuring utilizing Rs 1520 million.
2004
- Delisted shares from Madras Stock Exchange.
- Appointed Gautam Thapar as Chairman; KK Nohria resigned.
- Hitachi CG Motor Engineering became subsidiary.
2005
- Declared interim dividend.
- Keen on acquisitions in industrial systems.
- Picking up stake in Belgian firm.
2006
- Picked up Hungarian firms.
- To acquire stake in MCPPL.
- To establish facility in MP.
- Issued bonus shares in 2:5 ratio.
2007
- Forayed into power distribution.
- To take over electricity supply in Nagpur from January 2008.
2008
- Took over French firm.
- Joined hands with Dutch company.
- To acquire MSE Power Systems and group companies.
- Won 'Best Product' Award at Elecrama.
- Bagged GREENTECH GOLD AWARD for environmental management.
2009
- Acquired Sonomatra in France.
- Became first Indian company to manufacture 1200 kV Power Product (CVT).
- Received Golden Peacock Innovative Product/Service Award.
2010
- Appointed Suresh Prabhu as Additional Director.
- Entered Joint Venture with ZIV for Substation Automation Systems.
- Issued bonus shares in 3:4 ratio.
2011
- Awarded 10-year franchisee contract for power distribution in Jalgaon Circle, Maharashtra.
- Acquired QEI Inc., New Jersey.
- Acquired Emotron Group, Sweden.
- Set up Light Engines Unit V at Aurangabad.
2012
- Acquired ZIV Group, leader in smart grid automation.
- Established new JIT manufacturing facility in Goa.
- Crossed three million mark in light diesel engines.
2013
- To acquire lighting division of Karma Industries.
- Signed MOU with Government of Gujarat.
- To take over Karma Industries and CFL business.
2014
- Announced new smart grid facility in France.
- Won Frost & Sullivan Strategy, Innovation and Leadership Award.
- Received order for wind project in Netherlands.
- Bagged 4 million euro order from CAMEG.
2015
- Inked MoU with Arelis for electronics components supply to Aerospace and Defence.
- Won USD 26 million contract to reinforce Indonesia's grid.
- Won INR 115 crore order from PGCIL.
- Won Euro 17 million order from Spanish utility GNF.
- Sold CG-Lucy Joint Venture for Rs 402 million to W Lucy & Co.
2016
- Secured USD 35 million order from PT PLN Indonesia.
- Received binding offer for acquisition of B2B Automation business.
2017
- Secured USD 105 million order from PT PLN Indonesia.
2018
- Unveiled Indonesia's first High Voltage factory.
- Entered strategic alliance with TSG.
- Bagged large order from Indian Railways.
- Power Systems secured Rs 335 crore order from Indonesian firm.
2019
- Indonesian arm secured USD 24 million order from Persero.
2021
- Core business established worldwide.
2022
- Kolkata Branch conducted Retailers Meet for Pumps.
2024
- Acquired stake in G G Tronics India Pvt. Ltd.
