Brief: CG Power And Industrial Solutions Files Application Seeking Approval To Set Up Outsourced Semiconductor Assembly And Test Facility
22/11/2023 06:51
Nov 22 (Reuters) - CG Power and Industrial Solutions Ltd
CGPO.NS :
* FILED APPLICATION SEEKING APPROVAL TO SET UP OUTSOURCED
SEMICONDUCTOR ASSEMBLY AND TEST FACILITY
* CO ALSO SEEKING GRANT OF SUBSIDY FOR THE PROJECT
* ESTIMATED INVESTMENT ON THE PROJECT OVER A PERIOD OF FIVE
YEARS
IS $791 MILLION
* SEEKING APPROVAL FROM MINISTRY OF ELECTRONICS AND
INFORMATION
TECHNOLOGY, GOVERNMENT OF INDIA
Source text for Eikon: ID:nBSE3rVK84
Further company coverage: CGPO.NS
((Reuters.Briefs@thomsonreuters.com;;))
Recent news on CG Power and Industrial Solutions
See all newsRefile: India's proxy AI trade shines in a bleak year for stocks
India's CG Power and Industrial Solutions gains after stay on tax demand
Brief: CG Power Says Stay Granted On Tax Demand Till Disposal Of Company's Appeal
Brief: CG Power And Industrial Solutions Limited Says Unit Entered Into Definitive Agreement For Acquisition Of 100% Of Tosil Systems Private Limited
Indian electrical equipment stocks fall after Chinese firms get nod to bid for public projects