CG Power & Industrial Solutions Ltd Share Price

Summary

CG Power and Industrial Solutions Limited was initially incorporated as Crompton Greaves Limited on April 28, 1937 in Mumbai. The name of the Company was changed to CG Power and Industrial Solutions Limited from Crompton Greaves Limited w.e.f. 27th February, 2017. The Company is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions in two main business segments, viz. Power Systems and Industrial Systems for the year ended 31 March, 2024.CG is a part of the Avantha Group, led by the Groups Founder & Chairman Mr Gautam Thapar. In the year 1947, with the dawn of the independence of India, the company was taken over by Lala Karamchand Thapar, an eminent Indian industrialist who formed the Thapar Group. In the year 1966, Greaves Cotton & Crompton Parkinson Ltd was amalgamated with the company and the name was changed to Crompton Greaves Ltd.In the year 1975, the company made technical collaboration agreement with Hitachi Ltd, Japan for the manufacture of moulded case circuit breakers. In the year 1978, they entered into various technical collaboration agreements with several renowned manufacturers from USA, UK, Europe and Japan. In the year 1981, Kerala Electric Lamp Works Ltd (formerly Toshiba Anand Lamps Ltd) became a subsidiary company. In the year 1986, the company jointly with the Punjab state Industrial Development
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