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CG Power has rolled out its first transformer from its new greenfield manufacturing facility at Sehore

ICICIdirect Research 07 Sep 2026 DISCLAIMER

News: CG Power has rolled out its first transformer from its new greenfield manufacturing facility at Sehore, Madhya Pradesh. The company is investing ₹792 crore, funded through QIP proceeds and internal accruals. The facility is designed for 220kV–1200kV transformers and is expected to cater to rising demand from renewables, data centres, transmission infrastructure and exports. 

View: The rollout is positive for CG Power, as the Sehore facility materially strengthens its positioning in the high-voltage transformer market amid rising demand from renewables, data centres, transmission infrastructure and exports. The initial 10,000 MVA capacity, which will progressively scale to 45,000 MVA, will take total transformer capacity to 1,20,000 MVA, a 60% increase over the existing 75,000 MVA. The scale-up should provide meaningful medium-term growth opportunity, although ramp-up and utilisation of the new capacity will remain key monitorables.

Impact: Positive

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