The shares of the thermal and hydropower plant operator gained up to 6 percent after the company secured a prestigious work order from NTPC Limited worth Rs 382 million.
Price Movement
With a market capitalization of Rs 1,776.15 crore, the shares of GE Power India Ltd were trading at Rs 264.20 per share, increasing around 5.53 percent as compared to the previous closing price of Rs 250.35 apiece.
Reason for Rise
The shares of GE Power India Ltd have seen bullish movement after receiving purchase orders for an amount of Rs 382 million (excluding 18 percent GST) from NTPC Limited for the supply of generator parts for the Talcher site.
Financial Performance
The company reported a zoom of 46 percent YoY in revenue from operations from Rs 217 crore in Q2FY25 to Rs 317 crore in Q3FY25. Their Net profits also declined by 128 percent YoY from a profit of Rs 67 Crore to a loss of Rs 19 crore over the same period.
Industry Overview
The global economy is projected to grow at 3.3 percent in 2025-26, below the 2000-2019 average of 3.7 percent. India remains resilient with a 6.5 percent growth forecast. Energy prices may drop 2.6 percent in 2025 due to weak Chinese demand and rising non-OECD supply, while India’s energy sector shifts towards renewables.
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Order Book inflow
GE Power India’s order bookings tripled YoY to Rs 461 crores, led by a Rs 348 crore NTPC steam turbine upgrade order. Quarterly revenue rose 8 percent YoY to Rs 317 crores, with a Rs 8 crore profit. The order backlog stands at Rs 2,706 crores as of December 31, 2024.
Operational Insights
In December 2024, India’s power consumption rose nearly 6% to 130 billion units, with peak demand projected at 270 GW in summer 2025. Management remains optimistic about renewables, while the company actively bids for FGD tenders, expecting strong order bookings after regulatory clarifications.
Future Outlook
The management remains confident in the company’s strategy and operational rigor, aiming to leverage emerging opportunities in services. Focus continues on de-risking the portfolio through shorter working capital cycles and higher margins while ensuring environmental compliance and supporting India’s shift to sustainable energy solutions.
Company Snapshort
GE Power India Ltd is engaged in the business of engineering, procurement & construction (EPC) of key equipment for thermal and hydro power plants. It is one of the leading players in the Indian power generation equipment market.
Written by Abhishek Singh
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