Government Pension Fund Global (Norway) initiated a new position in CG Power and Industrial Solutions Limited, acquiring 1,73,57,839 shares representing a 1.10% stake. The position is valued at ₹1,570.85 crore based on the company's share price of ₹905.00.
A global provider of electrical energy solutions, CG Power & Industrial Solutions serves utilities, industries, and consumers across multiple markets worldwide. The company operates through two primary business segments: Power Systems and Industrial Systems, delivering comprehensive end-to-end products, services, and solutions tailored to customer needs. It specializes in efficient and sustainable energy management and application, helping organizations optimize electrical infrastructure and adopt innovative power technologies for industrial and consumer operations.
Norway's sovereign wealth fund, managed by Norges Bank Investment Management. World's largest SWF with over USD 2 trillion in assets, invested across 8,700+ companies globally including Indian equities.
