Power stock which is one of the leading players in the Power Transmission & Distribution industry engaged in providing focus engineering, procurement & construction, and many other services in focus upon receiving a new work order worth Rs. 240.40 Crores from Blue Energy Limited.
Price Action
With a market capitalization of Rs. 2,658 Crores, the shares of GE Power India Limited were trading at Rs. 395.25 per equity share up 0.05 percent from its previous day’s close price of Rs. 395.05. It has delivered multibagger returns of 139 percent in a year.
What Happened
GE Power India Limited engaged in engineering, procurement & construction (EPC) along with renovation and modernization of key equipment for thermal and hydropower plants and many more has received a new work order from Blue Energy Limited for a consideration of Rs. 240.40 Crores and it is to be executed within 42 months.
The said work order is for the Design, Engineering, Procurement, and Supply of Turbines, Governing system, Generator, Control, and Protection Systems up to the project site, erection, testing, and commissioning of GE Vernova supplied equipment for a 100MW Super Trishuli Hydro Power Plant(HPP), Nepal.
About the Company
GE Power India Limited is one of the leading players in the Transmission & Distribution of power, with a product portfolio ranging from Medium Voltage to Ultra High Voltage for Power Generation, Transmission and Distribution, Industry and Infrastructure markets.
GE Power India Limited is engaged in the business of engineering, procurement & construction (EPC) along with renovation and modernization of key equipment for thermal and hydropower plants, and has also inter alia ventured into supply, installation, and subsequent operation and maintenance of thermal power plants.
It also manufactures and provides boilers, mills, air quality control systems, automation & control, and services for steam-powered thermal plants. As of Q1FY25, it has an order intake of Rs. 1,038 Crores.
Its Revenue from operations increased by 1.5 percent from Rs. 423.57 Crores in Q1FY24 to Rs. 430.04 Crores in Q1FY25, accompanied by reducing losses of Rs. 135.79 Crores to Rs. 9.53 Crores.
Written by: Bharath K.S
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