Hot Pursuit     16-Dec-24
GE Power soars after bagging new product supply contract from MPPGCL
GE Power India jumped 4.21% to Rs 443.10 after the company announced that it has received an order worth Rs 18.27 crore from MP Power Generating Company (MPPGCL).

The order is for supply of boiler parts at Sanjay Gandhi Power Station within a period of 3.5 months.

The aforementioned order is an extension of the order received by GE Power from MPPGCL in October 2024. That order entailed supply of boiler parts and the contract’s pre-tax value was Rs 20.9 crore.

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 electric utility company reported a consolidated net profit of Rs 66.87 crore in Q2 FY25 as against a net loss of Rs 61.85 crore in Q2 FY24. Total income fell by 2.53% year on year (YoY) to Rs 244.45 crore in the second quarter of FY25.

Previous News
  GE Power India reports consolidated net profit of Rs 0.37 crore in the December 2023 quarter
 ( Results - Announcements 14-Feb-24   07:45 )
  GE Power India to conduct AGM
 ( Corporate News - 28-May-24   15:05 )
  GE Power India to hold AGM
 ( Corporate News - 30-May-23   16:43 )
  GE Power India reports consolidated net loss of Rs 114.99 crore in the June 2021 quarter
 ( Results - Announcements 12-Aug-21   07:44 )
  Jaiprakash Power Ventures awards two contracts to GE Power India
 ( Corporate News - 03-Apr-24   18:39 )
  GE Power India to convene board meeting
 ( Corporate News - 05-Feb-24   15:34 )
  GE Power India receives revision in credit ratings from ICRA
 ( Corporate News - 07-Jun-23   11:31 )
  GE Power India receives revision in credit rating
 ( Corporate News - 23-Nov-23   13:35 )
  GE Power India reports consolidated net loss of Rs 18.02 crore in the June 2020 quarter
 ( Results - Announcements 11-Aug-20   14:23 )
  GE Power India schedules AGM
 ( Corporate News - 23-Jun-21   15:42 )
  GE Power India to table results
 ( Corporate News - 30-Jan-20   12:40 )
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