Turnaround in CG Power and Industrial Solutions
Moneylife Digital Team 10 November 2021
Tube Investments of India Limited (TII), a Murugappa group company, acquired CG Power and Industrial Solutions (CGPI) around a year back. CGPI, earlier Crompton Greaves, comes with an 82-year-old legacy, with three business verticals:
1. Power division comprising mainly transformers and switch gears;
2. Industrials comprising motors, pumps and commercial products;
3. Railways.
Globally, the...
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