Stocks In News - Bagging Order

1. CG Power Systems Indonesia, a wholly owned subsidiary of CG Power & Industrial Solutions, has bagged an order from Indonesian state utility PT PLN (Persero) for manufacturing and supply of 64 units of Power Transformers valued at IDR 744 billion (USD 55 million).
2. This project is the first of its kind to be funded by Islamic Development Bank to support PLN’s ambitious goal to enhance its Transmission Grid performance.
3. The project will be completed by December 2018 and is going to play a critical role in its ongoing 35GW Fast Track Program.