CG Power and Industrial Solutions is currently trading at RS 612.15, up by 4.60 points or 0.76% from its previous closing of RS 607.55 on the BSE.

The stock opened at RS 614.70 and touched a high of RS 619.50 and a low of RS 608.45 during the session. A total of 17,233 shares have been traded so far.

The BSE Group 'A' stock, with a face value of RS 2, recorded a 52-week high of RS 874.50 on October 11, 2024, and a 52-week low of RS 450.00 on March 14, 2024. Over the past week, the stock fluctuated between RS 644.30 and RS 583.25. The company's current market capitalization stands at RS 93,475.08 crore.

Promoters hold a 58.06% stake in the company, while institutions and non-institutional investors own 26.21% and 15.74%, respectively.

In a significant development, CG Power and Industrial Solutions has entered into a long-term supply agreement with M/s Kinet Railway Solutions for the supply and servicing of railway products, including propulsion kits with motors, transformers, and other components.

Under this agreement, the company has secured its first purchase order, valued between RS 400 crore and RS 450 crore, for supplying railway products for 10 Vande Bharat trainsets. Additionally, a separate 35-year service order is included in this long-term agreement.

CG Power and Industrial Solutions is a leading engineering conglomerate, offering a diverse portfolio of products, solutions, and services catering to power and industrial sectors.