GE Power India Bags Rs 1.75 Crore Order from Gujarat State Electricity Corporation

About Order

GE Power India Limited has announced that it has received a Letter of Intent (LoI) from Gujarat State Electricity Corporation Limited (GSECL) for inspection works on a turbine-generator at the GSECL Wanakbori Thermal Power Station (TPS). The order, valued at Rs 1.75 crore (excluding GST), is a testament to GE Power India’s expertise in turbine and generator services.

The scope of the contract includes comprehensive inspection services to ensure the optimal performance and reliability of the turbine-generator unit. As a domestic order, the project will be executed within a timeframe of 15 days. This contract further solidifies GE Power India’s position as a leading provider of power generation solutions in the country.

Share Price Movement

Shares of GE Power India Ltd (GEPIL), are currently trading at Rs 490.15, a significant surge of Rs 23.30 or 4.99% from its previous closing price of Rs 466.85. The stock has shown a volatile performance over the past year, reaching a high of Rs 646.55 and a low of Rs 155.60. Today’s trading session saw the stock open at Rs 463.70, reaching a high of Rs 490.15 and a low of Rs 455.50. The stock’s VWAP (Volume Weighted Average Price) for the day stands at Rs 480.60. With the current upper price band set at Rs 490.15 and the lower price band at Rs 443.55, investors are keenly observing the stock’s movement.

About Company

GE Power India, formerly known as ALSTOM India Limited, is a leading player in the Indian power generation equipment market, offering a comprehensive portfolio of power generation solutions, focusing on emissions control and services. With engineering centres in Noida and Kolkata, manufacturing units dedicated to hydro, boilers, and coal mills, the company has successfully partnered in the modernization and growth of Indian infrastructure. GEPIL operates in various countries, producing a third of the world’s electricity, equipping 90% of power transmission utilities worldwide, and managing over 40% of the world’s energy through its software.

The company’s business area includes building power generation technologies and creating future energy technologies, providing equipment, solutions, and services across the energy value chain from generation to consumption. The company’s products and services include gas power, steam power, nuclear power, hybrid power, software, industries, mills, air quality control systems, automation & control, and services for hydro and gas power systems.

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