CG Power turns ₹674-crore net, to incur ₹135-cr. capex
The Hindu
CG Power and Industrial Solutions, which was acquired by Tube Investments of India in November last year, has returned to black by reporting a standalone net profit of ₹674 crore for the quarter ende
CG Power and Industrial Solutions, which was acquired by Tube Investments of India in November last year, has returned to black by reporting a standalone net profit of ₹674 crore for the quarter ended March. The company had reported a net loss of ₹184 crore during the corresponding year-earlier period. Revenue from operations more than doubled to ₹1,022 crore from ₹465 crore. There has been a complete rebound in manufacturing and sales of all the divisions, CG Power said.
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