# CG Power plans ₹400 crore capacity expansion

CG Power and Industrial Solutions plans to invest ₹400 crore over two years to expand motor production capacity at Ahmednagar and Goa plants and transformer capacity at Bhopal and Malanpur plants.

- Type: Expansion
- Announced: 2023-07-05
- Where: Ahmednagar, Goa, Bhopal, Malanpur, India
- Value: $49.0M (4.00B INR)
- Status: announced
- Products: motors, transformers
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [thehindu.com](https://www.thehindu.com/business/cg-power-plans-400-cr-expansion-in-next-two-years/article67045238.ece), 2023-07-05: "In line with our future growth strategy, we are initiating the implementation of three principal pillars – expansion of capacity, enhanced focus on exports and accelerated technological advancements."

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