CG Power Completes G G Tronics Acquisition

23 Aug 2024 CW Team

CG Power and Industrial Solutions Ltd has finalized the acquisition of G G Tronics Pvt Ltd for ?319 crore, marking a strategic expansion in its industrial electronics division. This acquisition aims to strengthen CG Power?s portfolio and enhance its capabilities in providing advanced electronic solutions for industrial applications.

G G Tronics is recognized for its expertise in industrial automation and control systems, making it a valuable addition to CG Power?s existing offerings. By integrating G G Tronics? technologies and expertise, CG Power seeks to boost its competitive edge in the industrial electronics sector, furthering its goal of delivering innovative and efficient solutions to its clients.

The acquisition aligns with CG Power?s broader strategy to expand its product range and technological capabilities. It is expected to enhance the company's market position by enabling it to offer a more comprehensive suite of products and services to its customers. This move also reflects CG Power?s commitment to growth and its focus on acquiring companies that complement its core business areas.

In financial terms, the acquisition is projected to have a positive impact on CG Power?s revenues and profitability, thanks to the synergies expected from integrating G G Tronics? operations. This deal is part of a broader trend of consolidation in the industrial electronics sector, aimed at achieving greater operational efficiencies and leveraging new technologies.

Overall, CG Power?s acquisition of G G Tronics represents a significant step in its growth strategy, reinforcing its position as a leading player in the industrial electronics market and paving the way for future advancements and innovations.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..