Meanwhile, the S&P BSE Sensex was down 96.01 points, or 0.24% to 40,171.61.

On the BSE, 1400 shares were traded in the counter so far compared with average daily volumes of 1923 shares in the past two weeks. The stock had hit a high of Rs 930.40 and a low of Rs 914.45 so far during the day. It hit a 52-week high of Rs 933 on 20 May 2019 and a 52-week low of Rs 666 on 11 October 2018.

GE Power announced that it bagged an order worth Rs 738.30 crore from Aravali Power Company for design, engineering, civil work, supply, erection and commissioning of wet FGD systems along with auxiliaries like limestone and gypsum handling system and wet stack on full turnkey basis.

Aravali Power Company is a joint venture company of NTPC, Haryana Power Generation Company and Indraprastha Power Generation Company.

Net profit of GE Power India declined 47.14% to Rs 27.25 crore on 5.95% decline in net sales to Rs 344.63 crore in Q4 March 2019 over Q4 March 2018.

GE Power India is engaged in engineering, procurement, manufacturing, construction and servicing etc. of power plants and power equipment.