Madhya Pradesh, India - expansion of the manufacturing capacity of transformers

The board of CG Power and Industrial Solutions has announced that has approved the expansion of the manufacturing capacity of transformers at two of its facilities in Madhya Pradesh. 

The company in a statement here declared its financial performance for the October-December 2022 quarter with a profit after tax at Rs 227.86 crore during the quarter under review as compared to Rs 545.06 crore registered in the corresponding period of the previous year.

"The Board of directors has approved a proposal to expand the manufacturing capacity of transformers at its plants in Bhopal and Malanpur with an investment of Rs 126 crore," the company said. The consolidated total income grew to Rs 1,809.95 crore from Rs 1,558.89 crore registered last year.

Source: The Economics Times