CG Power share price rises over 4% after interim dividend announcement; check record date

The stock settled 4.26% higher to ₹636.1 apiece on the National Stock Exchange (NSE).

CG Power announces interim dividend; check record date

In an exchange filing, the company said, "The Board of Directors of the company at its meeting March 18, 2025, have considered and approved the payment of interim dividend at ₹1.30 per equity share i.e. 65% on the face value of ₹2 per share for the financial year 2024-25."

The record date to determine eligible members for the interim dividend is Saturday, March 22, 2025.

The company said that the interim dividend would be paid on or after April 16, but "within 30 days from the declaration of interim dividend".

Last week, the company entered into a long-term supply agreement with Kinet Railway Solutions Ltd to supply and service railway products, including propulsion kits with motors, transformers and other items.

"As part of this agreement, the first purchase order, ranging between ₹400 crore to ₹450 crore, has been secured by the company for the supply of railway products for 10 Vande Bharat trainsets. Apart from this purchase order, a separate 35-year service order is also a part of the said long-term agreement," the engineering conglomerate said in an exchange filing.

In the third quarter of the financial year 2024-25, the company posted a 27% increase in its consolidated revenue from operations to ₹2,516 crore as compared to ₹1,979 crore in the same period last fiscal.

The net profit declined 68% to ₹238 crore for Q3 FY25 as against ₹747.67 crore a year back.

The order intake for latest December quarter was ₹4,390 crore, reflecting 82% year-on-year growth.