INFRASTRUCTURE CG Power Rolls Out First Transformer From ₹2,000 Cr Sehore Facility In MP

Murugappa Group’s CG Power and Industrial Solutions Ltd. has rolled out the first power transformer from its new greenfield manufacturing facility at Sehore in Madhya Pradesh. Spread across 50 acres, the facility is India’s largest single-location power transformer manufacturing plant, designed to produce 220 kV to 1,200 kV class power transformers. Facility targets global power […]

CW Bureau · Sep 4, 2026

STARTUP/TECHNOLOGY CG Power Arm Axiro Semiconductor To Buy Tosil Systems For ₹16.44 Cr

Murugappa group firm CG Power and Industrial Solutions Ltd’s subsidiary Axiro Semiconductor Pvt Ltd will acquire 100% of Tosil Systems Pvt Ltd for a cash consideration of ₹16.44 crore. The acquisition will add Tosil’s semiconductor design and embedded engineering capabilities to CG Power’s existing semiconductor business. Acquisition to strengthen design capabilities Tosil provides silicon design, […]

CW Bureau · Aug 17, 2026

GENERAL Murugappa Group Turns Madras Quiz Into An All-Day Chennai Celebration

The Murugappa Group is holding its popular Madras Quiz as part of Madras Week celebrations, with this year’s edition expanding into an all-day quizzing event on August 23, 2026. As Chennai marks its 387th anniversary, the event will carry the theme “Manasellaam Madras, Vibe-ellaam Chennai”, celebrating the city’s heritage while reflecting its evolving identity. Schools […]

CW Bureau · Aug 12, 2026

BANKING & FINANCE Chola MS Q1 PAT Drops 20% To ₹86 Cr Despite Higher Premium Income

Cholamandalam MS General Insurance Company Ltd (Chola MS) reported a 19.6% year-on-year decline in profit after tax (PAT) to ₹86 crore for the first quarter ended June 30, 2026, even as the insurer posted healthy growth in premium collections. The company had reported a PAT of ₹107 crore in the corresponding quarter of the previous […]

CW Bureau · Jul 29, 2026

BANKING & FINANCE Cholamandalam Investment Aims To Become Leading Financial Institution

Cholamandalam Financial Holdings Ltd (CFHL), the Core Investment Company of  the Murugappa Group said its financial services arm Cholamandalam Investment and Finance Company Ltd (Chola) is making steady progress towards its long-term goal of emerging as a leading financial institution. The company said investments in technology, product expansion and customer engagement continue to support sustainable […]

CW Bureau · Jul 23, 2026

BANKING & FINANCE Cholamandalam Investment To Get ₹1,425-Cr IFC Fund For CV Financing

The International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, has proposed an investment of up to ₹1,425 crore (around $150 million) in securitised assets of Cholamandalam Investment and Finance Company Ltd (Chola) to expand credit access for micro, small and medium enterprises (MSMEs), particularly in rural and semi-urban India. […]

CW Bureau · Jul 21, 2026

MANUFACTURING EID Parry Exits Low-Margin Consumer Categories, Eyes Premium Products

Diversified agri-business major EID Parry (India) Ltd is reshaping its consumer products portfolio by exiting low-margin bulk categories and strengthening its presence in premium food products such as jaggery and brown sugar, while accelerating digital and AI-led transformation to improve productivity and execution. Outlining the company’s strategic priorities in the Annual Report 2026, EID Parry […]

Sajan C Kumar · Jul 17, 2026

MANUFACTURING CUMI Optimises Portfolio, Remains Debt-Free Amid Global Uncertainties

Despite operating in a challenging business environment marked by demand volatility, import-led pricing pressures and shifting global trade dynamics, Carborundum Universal Ltd (CUMI) maintained a net debt-free standalone balance sheet and generated healthy free cash flow during FY26, underlining the resilience of its operating model. In his message to shareholders in the company’s Annual Report […]

CW Bureau · Jul 17, 2026

MANUFACTURING CG Semi Fires Up Gujarat OSAT Plant, Sets Eyes On Global Chip Customers

CG Semi Pvt Ltd (CG Semi), a joint venture between CG Power and Industrial Solutions Ltd of Murugappa Group, Japan’s Renesas Electronics Corporation and Stars Microelectronics, has commenced commercial production at its G1 Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The commercial launch took place in the presence of Prime Minister Narendra […]

CW Bureau · Jul 4, 2026

INFRASTRUCTURE CG Power Expands EHV Switchgear Capacity With New Nashik Facility

Murugappa Group company CG Power and Industrial Solutions Ltd (CG) has commenced manufacturing operations at its new extra high-voltage (EHV) switchgear facility, S3 Unit-II, in Nashik, significantly enhancing its ability to cater to the growing demand for power transmission equipment in India and overseas markets. The ₹39.49 crore new facility, located alongside the company’s existing […]

CW Bureau · Jun 4, 2026

MANUFACTURING EID Parry Infuses ₹600 Cr Into PSRIPL To Settle Obligations Of Shut Refinery

Murugappa Group company EID Parry (India) Ltd has infused around ₹600 crore into its wholly owned subsidiary Parry Sugars Refinery India Pvt Ltd (PSRIPL) to meet debt obligations, with the company expecting to complete all loan repayments linked to the closed Kakinada sugar refinery by June 2026. The update, shared during the company’s latest earnings […]

CW Bureau · Jun 2, 2026

MANUFACTURING CUMI Decides To Shut Down Loss-Making Units, Invests In Fab Facility

Carborundum Universal Ltd (CUMI) has initiated closure of its loss-making overseas units while stepping up investments in semiconductors, advanced ceramics and value-added materials as part of its long-term growth strategy. The Murugappa group company has decided to wind up Germany-based Awuko and discontinue operations at South Africa-based Foskor Zirconia after prolonged losses and weak market […]

CW Bureau · May 22, 2026