India's CG Power rises on launching 'first' full-service chip facility

CG Power and Industrial Solutions

29/08/2025 06:23

** Shares of CG Power and Industrial Solutions CGPO.NS rise 3% to 684 rupees

** Co says its subsidiary CG Semi unveiled India’s first full-service Outsourced Semiconductor Assembly and Test facilities in Sanand, Gujarat

** It will handle chip assembly, packaging, and testing; commercial production expected in 2026

** More than 4.5 mln shares traded so far, 1.6x 30-day avg

** CGPO rated "hold" by 10 analysts on average; median PT is 767 rupees – data compiled by LSEG

** Stock down 6% YTD

 (Reporting by Rudra Pratap Singh in Bengaluru)

 ((rudrapratap.singh@thomsonreuters.com))