BOM:500093

CG Power JV Starts Commercial Production at Gujarat Semiconductor Facility; Shares Up 4%

CG Power and Industrial Solutions' (NSE:CGPOWER, BOM:500093) joint venture, CG Semi, has started commercial production at its G1 outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat.Inaugurated in August 2025, the G1 facility has a maximum production capacity of up to 300 million units annually, according to an Indian bourse filing on Saturday. The plant completed equipment installation, process stabilization, customer qualification and other readiness activities before commencing commercial operations.CG Semi, a joint venture between CG Power, Renesas Electronics and Stars Microelectronics, is investing more than 76 billion rupees over five years to set up two OSAT facilities. While G1 is now operational, G2, remains under development and is expected to further expand production capacity.Shares of CG Power rose nearly 4% in Monday's trade.

Nomura Adjusts CG Power and Industrial Solutions' Price Target to INR1,100 From INR1,050, Keeps at Buy

CG Power and Industrial Solutions (NSE:CGPOWER, BOM:500093) has an average rating of overweight and mean price target of 872.81 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

ICICIdirect.com Starts CG Power and Industrial Solutions at Buy with INR1,120 Price Target

CG Power and Industrial Solutions (NSE:CGPOWER, BOM:500093) has an average rating of overweight and mean price target of 869.69 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Kotak Securities Downgrades CG Power and Industrial Solutions to Sell from Reduce; Price Target is INR620

Nomura Adjusts CG Power and Industrial Solutions' Price Target to INR920 from INR820, Keeps at Buy

CG Power and Industrial Solutions (NSE:CGPOWER, BOM:500093) has an average rating of overweight and mean price target of 780.40 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Jefferies Adjusts CG Power and Industrial Solutions' Price Target to INR745 from INR600, Keeps at Hold

CG Power and Industrial Solutions (NSE:CGPOWER, BOM:500093) has an average rating of overweight and mean price target of 780.40 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Axis Capital Downgrades CG Power and Industrial Solutions to Add from Buy; Price Target is INR890

CG Power and Industrial Solutions (BOM:500093, NSE:CGPOWER) has an average rating of overweight and mean price target of 703.60 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)