The contract is to be executed in 14 months.

GE Power India is engaged in engineering, manufacturing, project management and supply of products and solutions for infrastructure. Its operations include a composite range of activities viz. engineering, procurement, manufacturing, construction and servicing etc. of power plants and power equipment. It has engineering centres in Noida and Kolkata and manufacturing unit dedicated to Boilers in Durgapur.

On a consolidated basis, GE Power India reported net loss of Rs 135.79 crore in Q1 FY24 as against net loss of Rs 59.02 crore in Q1 FY23. Net sales declined 13.7% YoY to Rs 423.57 crore in the quarter ended 30 June 2023.