# CG Power and Industrial Solutions approves ₹662 crore capacity expansion

CG Power and Industrial Solutions has approved ₹662 crore in expansion projects to ramp up production capacities for motors, transformers, and switchgears, including specific expansions at Nashik and Mandideep plants, expected to be completed in 18 months.

- Type: Expansion
- Announced: 2024-07-01
- Where: Nashik, Maharashtra; Mandideep, Bhopal, India
- Value: $79.5M (6.62B INR)
- Starts operating: Jan 2026
- Status: under construction
- Capacity: Instrument transformers and condenser bushings: 2,494 units per annum; medium voltage switchgears: 5,000 units per annum; GIS unit: 780 units per annum; Large Industrial Machines: 1,728 units per annum
- Products: motors, transformers, switchgears, instrument transformers, condenser bushings, GIS units, large industrial machines
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/cg-power-aims-to-complete-662-cr-capacity-expansion-in-18-months/article68355501.ece), 2024-07-01: "The company has in total, so far, approved ₹662 crore expansion projects, which will be funded through internal accruals."
- [newsonprojects.com](https://www.newsonprojects.com/news/cg-power-aims-to-complete-662-cr-capacity-expansion-in-18-months), 2024-07-02: "The company has in total, so far, approved ₹662 crore expansion projects, which will be funded through internal accruals."
- [constructionworld.in](https://www.constructionworld.in/energy-infrastructure/power-and-renewable-energy/cg-power-to-complete-capacity-expansion-worth-rs-6.6-bn/58365), 2024-07-04: "The corporation has authorised growth projects totaling Rs 6.62 billion so far; internal accruals will be used to fund these initiatives."

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