Corporate News     07-Jun-23
GE Power India receives revision in credit ratings from ICRA
GE Power India announced that ICRA has revised the long-term rating for Line of Credit as [ICRA]BBB+ (Negative) from [ICRA]A-, reaffirmed the outlook to Negative and short-term rating for Line of Credit as [ICRA]A2 from [ICRA]A2+ of the Company.

The reasons for such downward revision inter-alia are slow order intake, increased provisions, decline in revenue and profitability in the financial year 2022-23, susceptibility to execution delays and subdued demand outlook.

Previous News
  GE Power India reports consolidated net loss of Rs 179.10 crore in the March 2022 quarter
 ( Results - Announcements 31-May-22   08:15 )
  Jaiprakash Power Ventures awards two contracts to GE Power India
 ( Corporate News - 03-Apr-24   18:39 )
  GE Power India reports consolidated net profit of Rs 37.37 crore in the September 2020 quarter
 ( Results - Announcements 12-Nov-20   08:08 )
  GE Power India receives downgrade in credit ratings from ICRA
 ( Corporate News - 29-Jun-22   18:58 )
  GE Power India to conduct board meeting
 ( Corporate News - 03-Aug-22   14:44 )
  GE Power India reports consolidated net loss of Rs 22.32 crore in the September 2019 quarter
 ( Results - Announcements 05-Nov-19   09:50 )
  S.A.L Steel Ltd leads gainers in 'B' group
 ( Hot Pursuit - 17-Nov-23   12:15 )
  GE Power India to announce Quarterly Result
 ( Corporate News - 03-Feb-22   11:57 )
  GE Power India to acquire 50% stake in NTPC GE Power Services
 ( Corporate News - 15-Apr-21   09:57 )
  GE Power India announces change in directorate
 ( Corporate News - 20-Jun-17   12:34 )
  GE Power India schedules AGM
 ( Corporate News - 23-Jun-21   15:42 )
Other Stories
  Affle India announces resignation of director
  03-Jul-24   14:29
  CAMS appoints director
  03-Jul-24   14:28
  ICICI Prudential Life Insurance Company allots 7,300 equity shares under ESOS
  03-Jul-24   14:20
  Union Bank of India receives upgrade in issuer rating and bonds' ratings
  03-Jul-24   14:17
  Mahindra & Mahindra selects ABB's innovative PixelPaint technology
  03-Jul-24   14:02
  E Factor Experiences AGM scheduled
  03-Jul-24   13:55
  Newjaisa Technologies EGM scheduled
  03-Jul-24   13:55
  Hindustan Zinc AGM scheduled
  03-Jul-24   13:55
  Mirza International schedules AGM
  03-Jul-24   13:54
  Sundaram Multi Pap to convene EGM
  03-Jul-24   13:54
Back Top