CG Power bets ₹7,600 cr on semiconductors with India’s first OSAT
CG Power rose for fifth day after its unit CG Semi launched India's first outsourced semiconductor assembly and test (OSAT) facility in Gujarat and unveiled a ₹7,600 crore, five-year capex plan with Renesas and Stars Microelectronics. Analysts said the move diversifies beyond power gear into semiconductors. Technical charts show breakout above ₹710, with targets of ₹820-₹850 if momentum sustains.