CG Power shares rise after bagging 'KAVACH' order from Indian Railways

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CG Power shares rise after bagging 'KAVACH' order from Indian Railways - Business Standard

Quick Summary:

Shares of CG Power and Industrial Solutions surged up to 2.63 per cent at Rs 754.

The Supply scope also includes complete wiring, harnessing, cabling, and connection with the Loco ‘KAVACH’ system,” the company said in an exchange filing on Wednesday.

Earnings before interest, tax, depreciation and amortisation (Ebitda) also decreased by 4.6 per cent on a year-on-year basis to Rs 294.7 crore.