CG Power and Industrial Solutions shares dropped as much as 7.5% on July 3, 2026. The sell-off affected several Indian capital goods companies, with CG Power’s stock price falling to ₹887. This decline marked the second consecutive session of losses for the company.
The Indian government triggered the sell-off by permitting four Chinese-linked power equipment manufacturers to bid on critical projects. This policy change remains valid for two years. The decision reverses trade restrictions originally imposed after the 2020 border clashes.
Investors expect the move to increase market competition for domestic manufacturers. CG Power opened significantly lower and became one of the most actively traded stocks by value.