CG Power wins largest-ever, ₹900 crore order for data center project in the US

CG Power and Industrial Solutions Ltd won a ₹900 crore order from Tallgrass Integrated Logistics Solutions LLC, USA, for power transformers for a major data centre project, marking its global entry. Shares of CG Power and Industrial Solutions Ltd ended lower on Friday, January 16, by 2.82% ₹560.65 on the NSE.

Industry Trends

Centre likely to prioritise debt consolidation, capex push in Budget 2026: ICRA

The upcoming Union Budget for 2026-27 is expected to prioritize medium-term debt consolidation while maintaining a strong push for capital expenditure. ICRA projects a fiscal deficit of 4.3% of GDP, with a significant increase in capital spending to Rs 13.1 trillion, aiming to front-load infrastructure development before future fiscal rigidities.

Industry Trends

WEF 2026: India readies power-packed presence before global elite

From India, at least four Union Ministers— Ashwini Vaishnaw, Shivraj Singh Chouhan, Pralhad Joshi, and K Rammohan Naidu — as well as six Chief Ministers are expected to be there, along with over 100 top CEOs from the country