Rs 500 Crore – Rs 600 Crore Project: Railway Company Wins a Prestigious KAVACH Order From Chittaranjan Locomotive Works, Government of India
The company has a market cap of over Rs 1 lakh crore with multibagger returns of 400 per cent in 3 years and a whopping 5,400 per cent in 5 years.
G.G.Tronics India Private Limited (GGT), a subsidiary of CG Power and Industrial Solutions Limited, has secured a significant contract from Chittaranjan Locomotive Works, a Government of India enterprise. This prestigious KAVACH order mandates GGT to supply, install, test, and commission Onboard KAVACH equipment, adhering to rigorous RDSO specifications. The scope of the project also encompasses comprehensive wiring, harnessing, cabling, and integration with the Loco KAVACH system. This strategic win underscores GGT's technological prowess and its commitment to enhancing railway safety standards in India.
With a rich history spanning 21 years, GGT has established itself as a leading provider of advanced railway signalling solutions. The company's expertise in designing, manufacturing, and deploying cutting-edge technologies, such as the Train Collision Avoidance System (TCAS) or KAVACH, has earned it recognition and trust within the Indian Railways. GGT's state-of-the-art facilities and unwavering dedication to research and development have enabled it to deliver innovative products and services that meet the highest industry standards. This latest KAVACH order, valued between Rs. 500 crores and Rs. 600 crores, further solidifies GGT's position as a key player in the Indian Railways Electronic Signalling sector.
About the Company
CG Power and Industrial Solutions Limited is an engineering conglomerate headquartered in Mumbai, India. The Company is a leader in the Electrical Engineering Industry and has two business lines—Industrial Systems and Power Systems. It manufactures Traction Motors, Propulsion systems, Signaling Relays etc., for the Indian Railways, and wide range of Induction Motors, Drives, Transformers, Switchgears, and other allied products for the Industrial and Power sectors. Recently, the Company also made a foray into the business of Consumer Appliances such as Fans, Pumps, and Water Heaters
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The Company has world-class manufacturing plants across 9 locations in India and one in Sweden, and a Pan India network of 5 Regional and 14 Branch offices, with around 3,113 employees. The Company’s consolidated revenue for FY24 was Rs 8,046 crores (USD 964 million). The Company continues to excel and maintain its leadership position across its businesses, backed by its outstanding expertise, customer-centric approach and enhanced focus on innovation and sustainability. Since November 2020, the Company has become a part of the renowned Murugappa Group
The company has a market cap of over Rs 1 lakh crore with multibagger returns of 400 per cent in 3 years and a whopping 5,400 per cent in 5 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.