CG Power and Industrial Solutions Ltd (CG), formerly Crompton Greaves Ltd, a subsidiary of Tube Investments of India Ltd, designs, develops and manufactures electrical equipment. Its products include traction machine systems; railway signaling systems; generators/alternators; drives and automation pumps; domestic and commercial fans; railway transportation traction electronics; transformers and reactors; switchgear; surge arrestors; commercial motors; stamping and laminations; water heaters; and high/low voltage AC and DC motors. The company also offers turnkey solutions and industrial system services. CG serves various sectors including steel and metals, cement, textile, chemical, oil and gas refineries, automobile, FMCG, fertilizer, sugar, electronics, building and infrastructure, defense, paper, pharmaceutical, renewables, metro rail, nuclear power, mining, data centers, IT and telecom, green hydrogen, water and irrigation, railways, power transmission, and distribution.

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CG has undertaken a range of R&D initiatives focused on innovation, efficiency, and sustainability across various sectors. The company has developed high-performance industrial motors, advanced drives and automation solutions, and cutting-edge railway products. Key developments include the Fluxtron and Axelera motor series, modular converters for green energy, and power conversion systems for energy storage. The company has also made significant advancements in railway traction motors, signaling systems, and switchgear products, emphasizing energy efficiency and reduced maintenance costs. Additionally, the company has focused on indigenous development and enhancing product offerings in the power systems and switchgear segments. The R&D units of CG includes the Vacuum Interrupter and Instrument Transformer Division at Aurangabad, which focuses on developing railway rolling stock products. The Power Transformer division's R&D wing supports innovation and product enhancement, particularly in renewable energy. The Switchgear Business unit is responsible for developing high-voltage and medium-voltage switchgear products. The Industrial Systems unit prioritizes the development of innovative and energy-efficient products, focusing on indigenous solutions. As of March 2025, the company had applied for 14 trademarks and two patents. In FY2025, the company incurred a research and development expenditure of INR636.2 million which was 0.6% of the company's total revenue.