CG Power approves Rs 230 crore expansion of LT motor capacity

CG Power & Industrial Solutions approved a Rs 230 crore capital outlay to expand low-tension motor manufacturing capacity at its Ahmednagar and Goa plants from 9.93 lakh to 19.92 lakh units per annum, to be implemented in two phases over four years.

“The proposed expansion would increase the capacity of Low Tension Motors' (LT Motors) upto 19.92 lakhs nos. per annum.”business-standard.com

• 2 sources
• business-standard.comBoard of CG Power approves capex of Rs 230 for increasing capacity of LT motorsCapital MarketOct 19, 2022
• thehindubusinessline.comMurugappa Group’s CG Power charts ₹230-cr capacity expansion - The HinduBusinessLineOur BureauOct 19, 2022

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