The capex plan would be utilised to improve production at its manufacturing facilities, CG Power and Industrial Solutions said in a statement. New Delhi: CG Power and Industrial Solutions, acquired by the Tube Investments of India group company of Murugappa Group last year, has chalked out capital expenditure plans of Rs 135 crore during the […]
Murugappa Group takes over CG Power, appoints directors
CG Power said its entire board including non-executive chairman Ashish Guha and whole-time executive director Sudhir Mathur have resigned. NEW DELHI: Chennai-based Murugappa Group on Thursday took over scam-hit CG Power and Industrial Solutions, infusing Rs 700 crore into the company and appointing directors on its board. CG Power in a stock exchange filing said […]
CG Power board okays Rs 100 cr additional infusion by Tube Investment
Murugappa-Group led Tube Investments which will take up control of the company, has offered additional investment to help the company meet its liabilities, stabilising its operations and improving its liquidity position Mumbai: The Board of CG Power and Industrial Solutions has approved the offer of additional investment of Rs 100 crore by Tube Investments. In […]