GE Power shines on securing contract worth Rs 2311 crore from NTPC

GE Power India is currently trading at Rs. 882.00, up by 16.60 points or 1.92% from its previous closing of Rs. 865.40 on the BSE.

The scrip opened at Rs. 879.70 and has touched a high and low of Rs. 910.00 and Rs. 860.00 respectively. So far 1901 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 933.00 on 20-May-2019 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. 910.00 and Rs. 824.50 respectively. The current market cap of the company is Rs. 5954.67 crore.

The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 17.57% and 13.46% respectively.

GE Power India has been awarded three contracts from NTPC to supply and install Wet FGD systems for a combined value of Rs 2311 crore. The company’s scope includes design, engineering, civil work, supply, erection and commissioning of Wet FGD systems along with auxiliaries including limestone and gypsum handling systems and wet stack on full turnkey basis. In addition, GE’s scope for IGSTPP Jhajjar (3x500 MW) also includes ten years of operation & maintenance including the supply of spare parts.

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