
CG Power and Industrial Solutions Ltd. opened a ₹7,600 crore outsourced semiconductor assembly and test (OSAT) facility in Gujarat, marking one of India’s first large-scale plants dedicated to chip packaging and testing. The announcement sent the company’s stock up roughly 4.6% to ₹694.60 on Friday afternoon trading, the highest level in more than a month. Analysts said the project strengthens India’s emerging semiconductor supply chain and could unlock new revenue streams for the electrical-equipment maker as domestic and global chipmakers look for local packaging capacity.
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𝐂𝐆 𝐏𝐨𝐰𝐞𝐫 𝐒𝐡𝐚𝐫𝐞 𝐏𝐫𝐢𝐜𝐞 𝐉𝐮𝐦𝐩𝐬 𝟒.𝟔𝟏% 𝐭𝐨 𝐑𝐬. 𝟔𝟗𝟒.𝟔𝟎 𝐀𝐟𝐭𝐞𝐫 𝐒𝐞𝐦𝐢𝐜𝐨𝐧𝐝𝐮𝐜𝐭𝐨𝐫 𝐅𝐚𝐜𝐢𝐥𝐢𝐭𝐲 𝐋𝐚𝐮𝐧𝐜𝐡 🚀 CG Power share price surged 4.61% to ₹694.60 after launching one of India’s first semiconductor OSAT facilities in Gujarat. A https://t.co/vO6hKDP39w