Investor sentiment turned positive after CG Power & Industrial Solutions announced a major overseas win, lifting its shares sharply in early trade on January 19. The stock rose nearly 7% after the company secured a ₹900 crore (USD 99.2 million) order from Tallgrass Integrated Logistics Solutions LLC for a large-scale data centre project in the United States.
At 09:21 am, shares of CG Power & Industrial Solutions were trading at ₹605.30 on the Bombay Stock Exchange, up ₹43.45, or 7.73%. In the previous session, the stock had closed at ₹561.85, down ₹15.10, or 2.62%.
In its statement, the company said the order marks its formal entry into the global data centre segment. It also represents the largest single direct export order ever secured by CG Power for the supply of power transformers.
Under the contract, CG Power will supply power transformers designed to meet the strict reliability, efficiency, and uptime requirements of hyperscale data centre applications. The execution of the order is planned over a delivery window of 12 to 20 months.
“This landmark order from Tallgrass is a strategic platform win for CG and marks our entry into the rapidly growing global data center vertical. It validates our capability to deliver globally benchmarked, mission-critical technology solutions from India, and reinforces our position as a trusted global partner in applications where reliability and performance are non-negotiable,” said Amar Kaul, Global CEO & Managing Director.
Separately, the company informed that a meeting of its board of directors is scheduled for January 27, 2026. The board will consider and approve the unaudited financial results, on both standalone and consolidated bases, for the quarter and nine months ended December 31, 2025.
The stock has seen wide movement over the past year. It touched a 52-week high of ₹797.75 on September 17, 2025, and a 52-week low of ₹518.35 on April 7, 2025. Currently, the share is trading 29.57% below its 52-week high and 8.39% above its 52-week low.
The company’s market capitalisation stands at ₹88,484.50 crore.
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