Fri, Mar 01, 2024
CG Power and Industrial Solutions Limited saw a 12% surge in shares after announcing a joint venture agreement with Renesas Microelectronics and Stars Microelectronics to build a semiconductor assembly and test facility in Sanand, Gujarat. The JV plans to invest Rs 7,600 crore over five years to cater to various industries like automotive, consumer, industrial, and 5G.
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Wed, Nov 22, 2023
The takeover of the company took place in 2020, when Tube Investments agreed to buy the debt-laden heavy electrical equipment company.
Sat, Mar 04, 2023
Dividend Stock: CG Power announced an interim dividend to its shareholders for this financial year. A dividend is generally paid by a company to its shareholders as a reward for investment in the business. Stock dividends can be seen as a steady income from the investments made in the company
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