The company said that it has secured a letter of intent (LOI) from NTPC for procurement of spares for carrying out class-B Inspection of unit 1 GE make 660 megawatt generator at NTPC Solapur. The order is worth Rs 10.47 crore and it is to be executed within 40 weeks.

Subsequently, the firm has also bagged a purchase order valuing at Rs 9.91 crore for supply of spares for TG #8 at BPSCL. The order is to be executed within 12 months.

GE Power India is one of the leading players in the Indian power generation equipment market. Hydro and Gas business are also housed in the company in addition to Steam Power. The company offers a comprehensive portfolio of power generation solutions with a focus on emissions control and services portfolio providing sustainable, affordable and reliable electricity.

The company reported a consolidated net loss of Rs 61.85 crore in Q2 FY24 as against a net loss of Rs 112.57 crore in Q2 FY23. Revenue fell by 17% to Rs 354 crore in the second quarter from Rs 428 crore posted in the same period last year.