• CG Power potential: CG Power's power segment, particularly transformers and switchgear, holds substantial underleveraged growth potential driven by surging electricity demand from renewables, data centers, and EV charging infrastructure.
• Core growth drivers: Long-term group expansion will be led by critical sectors supporting India's economic growth cycle, including financial services, clean mobility, fertilizers, and insurance.
• Import substitution strategy: The group is actively addressing import dependence risks through sector-specific backward integration, highlighted by a major investment play into semiconductor manufacturing to localize component supply.