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GE Power gains with consortium bagging order worth $98.4 million

GE Power India Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532309 | NSE: GVPIL

24 Dec 2018 Evaluate

GE Power India is currently trading at Rs. 829.95, up by 7.80 points or 0.95% from its previous closing of Rs. 822.15 on the BSE.

The scrip opened at Rs. 829.95 and has touched a high and low of Rs. 848.00 and Rs. 829.95 respectively. So far 100 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1048.00 on 22-Jan-2018 and a 52 week low of Rs. 666.00 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 849.95 and Rs. 802.10 respectively. The current market cap of the company is Rs. 5527.11 crore.

The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 17.92% and 13.34% respectively.

The consortium of GE Power India, GE Hydro France, GE Renewable Malaysia Sdn. Bhd. and Sinohydro Corporation (M) Sdn. Bhd. has been awarded the order for the Main Electrical and Mechanical Works for the 1,285 MW Baleh Hydroelectric Project in Sarawak, Malaysia by SEB Power Sdn. Bhd, for a total value of approximately MYR 595 million and $159 Million.

The value of the order for the company is approximately $98.4 million. The company shall be the leader of the consortium and will be responsible for the design, manufacture and supply of the main electro-mechanical equipment involving five 257MW Francis turbines as well as part of the balance of plant equipment for the Baleh Hydroelectric Project.

GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.

GE Power India Share Price

505.65 7.85 (1.58%)

16-Apr-2026 16:59 View Price Chart

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GE Power gains with consortium bagging order worth $98.4 million

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