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CG Power & Industrial Solutions Ltd ( (IN:CGPOWER) ) just unveiled an update.
G.G. Tronics India Private Limited announced significant progress in developing the Uniform Braking Algorithm for Indian Railways, which aims to ensure consistent braking performance across vendors. Despite the cancellation of an order from Chittaranjan Locomotive Works due to approval delays, GGT remains qualified for future tenders and expects to participate in bulk procurement with enhanced capabilities.
More about CG Power & Industrial Solutions Ltd
G.G. Tronics India Private Limited (GGT), a subsidiary of CG Power and Industrial Solutions Limited, specializes in designing, manufacturing, supplying, and installing Electronic Safety Embedded Signalling Systems for the Railway Transportation segment. With a legacy of 22 years, GGT is known for its Train Collision Avoidance System (TCAS), also known as ‘KAVACH,’ and offers a range of products including Digital Axle Counters. The company provides comprehensive services for system and software verification and validation, adhering to CENELEC standards, and operates state-of-the-art facilities for manufacturing, testing, and R&D.
Average Trading Volume: 219,227
Technical Sentiment Signal: Buy
Current Market Cap: 1118B INR
Learn more about CGPOWER stock on TipRanks’ Stock Analysis page.