CG Power and Industrial Solutions Limited — Q2 FY26

Uh if you could just tell us you know again how was Q2 and what are the trends you're seeing in Q3? Uh are we seeing any signs of uh growth coming back? ... second on the railways uh you know where you highlighted some project deployments uh this quarter if you could talk about that uh you know is that kind of uh behind us and uh do we expect uh you know that revenue uh kind of start flowing in from Q3 onward.

Can you give us a little road map to us that you know um given that you've already done 230 235 crores kind of a semiconductor revenue uh how we should build in you know this year or next two years ... And second, apart from the new capex which you have highlighted in this quarter going ahead with that capex can you also throw some light how the capex and how's the timeline of the current capacity ... and in terms of newer inquiries and newer order inflows if you can give some color because there's a lot of disbelief coming especially in the investors uh that there is going to be a slowdown. Government will give lot of uh approvals to Chinese players to come and do transformers in India.

My first question is pertaining to railway business where we are consistently facing few uh realization challenges. So I wanted to have some idea about uh what is happening in the railway business in terms of competition whether that is impacting our profitability or is it pertaining to legacy contracts ... my second question is on the export side ... what is your strategy on the export side to ramp up the industrial product offering and what kind of uh order pipeline uh you are anticipating and the exports especially what are your plans in the US uh transportation infrastructure market.

Specifically for power systems, we are seeing that the award of interstate TBCB project to transmission utilities in the first half of FI26 has been slower than the previous year. ... do you think that this poses any risk of slowdown in award of power transform HV switch gear contracts ... second question is again on exports ... could you also speak about the mix of exports presently ... how much is in industrial systems and power systems.

We've seen after a very long time a decline in revenues which you mentioned has got to do with the deferment in some railway orders. Would it be possible to kind of call out that amount which has gotten deferred to the next quarter and if you can also just talk about how the demand scenario is between HT and LT Motors. we had also taken a price hike out here about 5% as we had mentioned in the previous quarter. How is that kind of playing out?

In the power system we have outgrown many of our competitors in the last two two and a half years. So what are the factors which has enabled us to gain market share. Is it more about us being ready with the further capacity? ... Secondly could you throw some light on our association with Flender for expanding our US business?

The Azero business will do about a $50 million number in revenues. How would you be thinking through this business from a 3 to 5 year perspective? ... on the power systems business of the 10,000 crores of backlog which is there what would be the average execution period would it be closer to 1.5 years or or two?