GE Power inches up on winning order worth Rs 142 crore from NTPC

10 Apr 2019 Evaluate

GE Power India is currently trading at Rs. 851.00, up by 0.60 points or 0.07% from its previous closing of Rs. 850.40 on the BSE.

The scrip opened at Rs. 853.70 and has touched a high and low of Rs. 853.70 and Rs. 845.00 respectively. So far 860 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 954.00 on 10-May-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. 854.00 and Rs. 813.25 respectively. The current market cap of the company is Rs. 5680.72 crore.

The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 18.02% and 13.41% respectively.

GE Power India has been awarded Rs 142 crore ($20 million) order by NTPC for supply and installation of low nitrogen oxide (NOx) combustion system for 10 GW of thermal power plant capacity across the country. This is the first project awarded on such a large scale by NTPC to install low NOx combustion technology at its thermal power plant fleet.

The project involves in-combustion system modification of the boiler by staging the combustion air in the furnace to reduce the generation of fuel and thermal NOX during the combustion process. The combustion modification technology can help reduce 30-40% of NOx emissions from these coal-fired boilers up to a level of less than 400 mg/Nm3 at 6% oxygen (O2) content in flue gas on dry gas basis at Induced Draft (ID) Fan outlet.

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

GE Power India Share Price

148.10 5.60 (3.93%)
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