CG Power shares gain 4% on Rs 7,600 crore OSAT facility investment in Gujarat; Nomura predicts 26% upside

CG Power’s subsidiary, CG Semi, launched an OSAT facility in Gujarat. The company plans to invest over Rs 7,600 crore in two advanced facilities. Nomura predicts a 26.5% upside for CG Power stock. Commercial production is expected to begin in 2026. The project aims to boost India’s semiconductor manufacturing and technological self-reliance.

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