{"id":145591,"date":"2025-02-28T12:03:49","date_gmt":"2025-02-28T06:33:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=145591"},"modified":"2025-02-28T12:03:52","modified_gmt":"2025-02-28T06:33:52","slug":"infra-stock-jumps-3-after-receiving-contract-worth-273-cr-from-for-pump-storage-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/infra-stock-jumps-3-after-receiving-contract-worth-273-cr-from-for-pump-storage-project\/","title":{"rendered":"Infra stock jumps 3% after receiving contract worth \u20b9273 Cr from for pump storage project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2392028866\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of an Infrastructure Developers &amp; Operators company, specialzing in the business of engineering, procurement &amp; construction (EPC) of key equipment for thermal and hydro power plants, jumped upto 3 percent upon receiving an additional contract worth Rs. 273.5 crores from Greenko KA01 IREP Pvt. Ltd.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1267235780\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of Rs. 1,631.61 crores on Friday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/GEPIL\" target=\"_blank\" rel=\"noreferrer noopener\">GE Power India Limited<\/a><\/strong> jumped upto 2.7 percent, making a high of Rs. 252.00 per share compared to its previous closing price of Rs. 245.15 per share.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p><strong>GE Power India Limited<\/strong>, engaged in providing EPC services, has provided an update on its contract with GREENKO KA01 IREP Pvt. Ltd, initially awarded on April 29, 2022. The contract, valued at approximately Rs. 8,634 million (863.4 crores)&nbsp; for the design, manufacturing, and supply of an electro-mechanical package for the Saundatti Pump Storage Project (3 x 320 MW + 2 x 160 MW turbines) in Karnataka.<\/p><p>Furthermore, now the company has received an additional domestic order for the same project, valued at Rs. 2,735 million (273.5 crores) for the engineering, manufacturing, procurement, supply, installation, and testing of electro-mechanical equipment for an additional one 320 MW unit at the Saundatti PSP and is to be completed by November 22, 2027.<\/p><div class=\"trade-content_5\" id=\"trade-2104614905\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company<\/strong><\/h2><p>GE Power India Limited is a leading provider of integrated power solutions, offering a wide range of engineering, procurement, and construction (EPC) services for the power sector. The company specializes in delivering high-performance equipment and services for power plants, including turbines, generators, and electro-mechanical systems.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue declined by 29.9 percent from Rs. 491.24 crore to Rs. 344.29 crore in Q3FY24-25. Meanwhile, Net profit rose from a profit of Rs. 0.37 crore to a loss of Rs. 18.58 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-2139002296\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of an Infrastructure Developers &amp; Operators company, specialzing in the business of engineering, procurement &amp; construction (EPC) of key equipment for thermal and hydro power plants, jumped upto 3 percent upon receiving an additional contract worth Rs. 273.5 crores from Greenko KA01 IREP Pvt. Ltd. Price action With a market capitalization of Rs. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":145592,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[20777,10886,8854,17242,948,936,3157,19760],"class_list":["post-145591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ge-power-india","tag-ge-power-india-latest-news","tag-ge-power-india-share-price","tag-infra-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-why-is-ge-power-india-share-price-increasig"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infra stock jumps 3% after receiving contract worth \u20b9273 Cr from for pump storage project - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of an Infrastructure Developers &amp; Operators company, specialzing in the business of engineering, procurement &amp; construction (EPC) of key equipment for thermal and hydro power plants, jumped upto 3 percent upon receiving an additional contract worth Rs. 273.5 crores from Greenko KA01 IREP Pvt. 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