Motilal Oswal reiterates buy on CG Power; target Rs 1,020
Motilal Oswal reiterated a buy rating on CG Power and Industrial Solutions and set a target of Rs 1,020. The firm cited a new transformer plant in Sehore with manufacturing capacity of 45,000 MVA.
Motilal Oswal's research report on CG Power and Industrial SolutionsWe visited the new transformer plant of CG Power in Sehore, Madhya Pradesh, which has a manufacturing capacity of 45,000 MVA.
With the commissioning of this greenfield capacity, CG Power’s transformer manufacturing capacity has inc…