CG Power and Industrial Solutions Limited at its board meeting held on 21 October 2024 provided updated Expansion of capacity at Power Transformers (T3 unit). In furtherance to the disclosure made on 20 October 2023 on expansion of the manufacturing capacity of Power Transformers units of the Company at its plant situated in Mandideep, Bhopal to further increase the capacity from 25,000 MVA to 35,000 MVA for Power Transformer, the Board has approved an additional capacity expansion of Power Transformers (T3 unit) at an additional investment of INR 266.4 million. The proposed expansion would increase the capacity from 35,000 MVA to 40,000 MVA for Power Transformers.
The current capacity utilization is around 85%. The expansion project is expected to be implemented within a period of 18 months including the earlier project and will be funded through internal accruals. The expansion is proposed considering the expected increase in demand for Transformers.
