Avantha Group company CG's joint venture CG Lucy today inaugurated its new Ring Main Unit (RMU) production facility at Nashik, India.

The facility offers RMUs for enhancing the efficiency of power distribution networks, preventing transformers burnouts and is equipped with a partial discharge testing facility up to 33kV.

The new facility is the fruition of CG's expansion strategy in the domestic market. CG Lucy has more than doubled its capacity to produce 1000 RMUs per month for the growing demand of reliable and secure power supply in the rapidly Indian subcontinent.

Shares of the company gained Rs 2.35, or 1.17%, to settle at Rs 202.95 at the BSE (Tuesday).