India's CG Power and Industrial Solutions gains on unit's 6 bln-rupee order win

CG Power and Industrial Solutions

27/11/2024 07:44

** CG Power and Industrial Solutions  CGPO.NS  rises 3.2% to
759.25 rupees
    ** Electrical engineering company's subsidiary G.G. Tronics
India gets order worth 5-6 bln rupees ($59 mln-$71 mln) from
West Bengal's Chittaranjan Locomotive Works for the supply and
installation of KAVACH equipment
    ** Order also includes annual maintenance for 11 years
    ** KAVACH is a Train Collision Avoidance System, also
referred to as Automatic Train Protection Systems
    ** CGPO up ~67% YTD

($1 = 84.4530 Indian rupees)

 (Reporting by Vijay Malkar)
 ((VijayDattaram.Malkar@thomsonreuters.com;))