GE Power Share Price: GE Power shares have been in constant focus for the last several sessions. The company’s shares had closed at Rs 407 last Friday, up more than 3%. The rise in the company’s shares came after it received an order worth Rs 243.46 crore from NTPC GE Power Services Private Limited (NGSL). The order includes renewable and modernization of 210 MW capacity LMZ steam turbines at Unit No. 1 and Unit No. 2 of Wanakbori Thermal Power Station. The project aims to improve heat rate efficiency and extend the operational life of these units.
what are the details
According to a regulatory filing by GE Power India, the order is focused on renewables and modernization of steam turbines with a planned execution period of 33 months. GE Power will handle all supply including system design, engineering, testing and commissioning.
Wire company got two big orders together, share is worth ₹ 49, do you have this share?
condition of shares
Power sector stocks have risen nearly 24 percent in the last two weeks, nearly 60 percent in the last three months and 79 percent on a year-to-date basis. In six months and one year, the stock has given returns of 84.5 and 158 percent respectively. In the last two years, power sector stocks have given a whopping 200 per cent return to its shareholders. GE Power has a market cap of Rs 2,737.17 crore.
IPO came at ₹ 145, now the price has crossed ₹ 4000, the company is in defense
company business
GE Power earned net profit of ₹25.94 crore in the March 2024 quarter on the back of high revenue. The company had reported a loss of Rs 129.70 crore for the quarter ending March 31, 2023. The company’s total income in the latest fourth quarter rose to Rs 469.89 crore from Rs 359.43 crore in the same period a year ago.
