# 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.

- Type: Expansion
- Announced: 2022-10-19
- Where: Ahmednagar and Goa, India, India
- Value: $28.0M (2.30B INR)
- Status: announced
- Capacity: 19.92 lakh units per annum
- Products: low-tension motors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [CG Power and Industrial Solutions](https://endata.com/companies/16858.md)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/board-of-cg-power-approves-capex-of-rs-230-for-increasing-capacity-of-lt-motors-122101900835_1.html), 2022-10-19: "The proposed expansion would increase the capacity of Low Tension Motors' (LT Motors) upto 19.92 lakhs nos. per annum."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/murugappa-groups-cg-power-charts-230-cr-capacity-expansion/article66031781.ece), 2022-10-19: "The board of directors on Wednesday approved a proposal to expand the manufacturing capacity of motors at the company's plants at Ahmednagar and Goa at an outlay of ₹230 crore."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.