CG Power shares in focus as company plans to raise Rs 3,000 crore via QIP

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CG Power and Industrial Solutions will raise approximately Rs 3,000 crore through a Qualified Institutional Placement. The QIP price is expected to be around Rs 660 per share. This follows a Rs 641 crore order from Power Grid Corporation of India. The company's largest single order will be fulfilled over 18 to 36 months.