CG Power To Launch New Switchgear Facility In Western India, Reports ₹2.87 Billion Q2 Profit

CG Power and Industrial Solutions Ltd has announced plans to set up a greenfield switchgear business facility in western India, marking a strategic expansion into high-growth electrical infrastructure. The move aligns with the company’s broader vision to strengthen its domestic manufacturing capabilities and meet rising demand for power distribution products. This development coincides with a strong Q2 FY26 performance, as CG Power reported ₹2.87 billion in net profit and ₹29.23 billion in operational revenue.

Major takeaways  

• Q2 FY26 consolidated revenue from operations stood at ₹29.23 billion  
• Net profit for the quarter reached ₹2.87 billion, driven by robust order execution and margin discipline  
• The new switchgear facility will cater to industrial, commercial, and utility segments  
• CG Power aims to enhance its product portfolio with medium and low-voltage switchgear solutions  
• The investment is part of a broader capex plan to support long-term growth

Notable updates 

• The company is witnessing strong traction in automation and smart grid solutions  
• Export volumes continue to grow, especially in Southeast Asia and the Middle East  
• Management remains optimistic about infrastructure-led demand and policy tailwinds in H2 FY26

Sources: Business Standard, Moneycontrol, CG Power investor filings, Economic Times Markets