Hot Pursuit     13-Sep-23
GE Power jumps on order win from Vedanta
GE Power India rallied 4.81% to Rs 177.65 after the heavy electrical equipment producer announced that it has received a purchase order from Vedanta worth Rs 25 crore.
The project constitutes combustion modification of boiler. It includes NOX reduction order at Vedanta, Lanjigarh CGPP unit (3 x 30 MW).

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.

Previous News
  GE Power India reports consolidated net loss of Rs 9.53 crore in the June 2024 quarter
 ( Results - Announcements 10-Aug-24   07:33 )
  GE Power India receives revision in credit ratings from ICRA
 ( Corporate News - 07-Jun-23   11:31 )
  GE Power India reports consolidated net loss of Rs 179.10 crore in the March 2022 quarter
 ( Results - Announcements 31-May-22   08:15 )
  Nifty slides below 24,300; pharma shares under pressure
 ( Market Commentary - Mid-Session 11-Jul-24   10:33 )
  GE Power led consortium bags order for 1285MW Baleh Hydroelectric Project in Sarawak, Malaysia
 ( Corporate News - 22-Dec-18   11:30 )
  GE Power India Limited (erstwhile Alstom India Limited): Ratings downgraded to
 ( Press Releases - 22-Nov-23   11:08 )
  GE Power India wins order of Rs 7 cr
 ( Corporate News - 23-Jan-24   09:44 )
  GE Power India spurts after order win
 ( Hot Pursuit - 02-May-22   09:39 )
  GE Power India consolidated net profit rises 146.06% in the December 2019 quarter
 ( Results - Announcements 05-Feb-20   17:15 )
  GE Power India receives downgrade in credit ratings from ICRA
 ( Corporate News - 29-Jun-22   18:58 )
  ALSTOM India to hold board meeting
 ( Corporate News - 30-Jan-16   10:42 )
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