CG Power and Industrial Solutions Limited
LIC increased its stake in CG Power and Industrial Solutions from 1.21% to 1.34%, raising its holding by 1,932,492 shares. The additional shares are valued at ₹174.89 crore at a price of ₹905.00 per share.
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.
India's largest domestic institutional investor with over Rs 56 lakh crore in total AUM, of which roughly Rs 15 lakh crore sits in listed equities. Holds stakes in virtually every major listed Indian company. When LIC builds or exits a position, it moves markets. Government-owned and mandated to invest policyholder funds in Indian equities and bonds, making it the ultimate long-only, long-term India bull.