The CG Power share price surged nearly 4% today, touching an intraday high of ₹689 on the BSE, after a major announcement from the company’s semiconductor arm.
CG Semi, a subsidiary of CG Power, unveiled plans to set up India’s first full-service Outsourced Semiconductor Assembly and Test (OSAT) facilities in Sanand, Gujarat. The total investment amounts to ₹7,600 crore, with two plants G1 and G2 being built in phases over the next five years. G1 has already begun initial operations, while G2 is expected to be ready by the end of 2026.
Market analysts remain bullish, with projections suggesting up to a 26% upside in the CG Power share price over the medium term. This optimism stems from India’s strategic push toward semiconductor self-reliance, coupled with strong industry partnerships that strengthen CG Power’s position in the high-tech sector.
The development highlights a major shift for the company, as it moves beyond its core strength in power and electrical solutions to play a key role in India’s emerging semiconductor ecosystem. Investors believe that the CG Power share price could see further growth as the OSAT project progresses and demand for semiconductor manufacturing rises.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. The CG Power share price is subject to market volatility. Investors should conduct independent research or consult a financial advisor before making investment decisions.
