On Saturday, January 17, CG Power and Industrial Solutions Ltd clinched a significant order valued at approximately ₹900 crore ($99.2 million) from Tallgrass Integrated Logistics Solutions LLC, USA, marking its foray into the rapidly expanding global data centre sector.
This order is the largest single contract ever awarded to CG Power and involves a direct export agreement for supplying power transformers for a large-scale data centre initiative in the United States. These transformers will be custom-designed to ensure high reliability, efficiency, and uptime that hyperscale data centres demand.
According to the contract, CG will design, manufacture, and test the transformers at its production facilities in India, with deliveries planned over a 12–20 month timeframe. The delivery terms are FAS Mumbai Port, as per Incoterms 2020, as mentioned in the exchange filing.
Amar Kaul, the Global CEO and Managing Director of CG Power and Industrial Solutions, stated that the order signifies a strategic “platform win” for the company. “This marks our entry into the fast-growing global data centre vertical and affirms our capability to provide mission-critical, globally benchmarked technology solutions from India,” he remarked.
Kaul further noted that the rising demand fueled by cloud computing, artificial intelligence, and digital infrastructure is transforming global power needs. “We believe this victory unlocks a substantial long-term opportunity pipeline in global data centre initiatives, aligning with our strategy for growth and margin-boosting expansion,” he added.
The company’s filing indicated that its selection for the project is a testament to its engineering prowess, advanced manufacturing capabilities, and disciplined execution methodology under its CG EDGE operating model, which aims to translate strategy into effective large-scale execution.
On Friday, January 16, shares of CG Power and Industrial Solutions Ltd closed at ₹560.65 on the NSE, down by 2.82%.
Also Read: IndiGo facing a ₹1,180 cr-plus impact following DGCA’s final order on December disruptions
