24 Nov 2025 | 5 Mins Read
CG Power shares plummet after ₹600 crore contract cancellation
Flipitmoney
CG Power's unit G.G. Tronics India Pvt. Ltd. has a ₹600 crore order for Loco Kavach systems cancelled due to delayed approval timelines. However, the subsidiary remains eligible for upcoming tenders. G.G. Tronics has made progress in developing a Uniform Braking Algorithm and defining braking parameters. The stock ended Friday at ₹709.55 and is down 2% in the last month and 4% year-to-date.