CG Power shares: The S&P BSE200 index constituent climbed 11.38 per cent to hit a high of Rs 494.40. With this, the stock edged closer to its 52-week high of Rs 501.75 hit in November last year
Shares of CG Power and Industrial Solutions rose 12% after announcing a JV with Renesas Electronics and Stars Microelectronics to build a semiconductor facility in Sanand, Gujarat. The JV will invest Rs 7,600 crore over five years and aims to diversify into semiconductor manufacturing, leveraging the partners technology and expertise.