CG POWER STARTS PRODUCTION AT SANAND PLANT IN GUJARAT

CG Semi, a subsidiary of

has started production at its Rs 7,600 crore semiconductor plant in Sanand, Gujarat, with an annual capacity target of 300 million units, positioning the company as a key player in India's high-tech manufacturing landscape. This milestone marks a significant stride in India's domestic semiconductor ecosystem. The company has expanded its identity from a traditional industrial power equipment manufacturer to a high-technology electronics major. This move strengthens the industrial electronics sector's weightage in the capital goods index. Long-term capital allocation signals suggest a continued shift toward high-margin electronic components, potentially leading to margin expansion as the Sanand facility scales.