Shares of CG Power and Industrial Solutions Ltd zoomed 20% today after the firm said it has filed an application with Ministry of Electronics and Information Technology (MeitY), seeking approval to set up an Outsourced Semiconductor Assembly and Test (OSAT) facility. CG Power stock opened flat at Rs 390.85 on BSE. Later, the stock hit a record high of Rs 469, rising 20% after the company made the announcement. Market cap of the firm rose to Rs 71,629 crore on BSE.