GE T&D moves up on bagging grid upgradation order from WBSETCL

04 Sep 2019

GE T&D India is currently trading at Rs. 155.20, up by 5.15 points or 3.43% from its previous closing of Rs. 150.05 on the BSE.

The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 156.55 and Rs. 147.20 respectively. So far 1616 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 331.35 on 17-Jan-2019 and a 52 week low of Rs. 124.00 on 07-Aug-2019.

Last one week high and low of the scrip stood at Rs. 156.55 and Rs. 147.20 respectively. The current market cap of the company is Rs. 3914.95 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.26% and 7.74% respectively.

GE T&D has bagged grid upgradation order from West Bengal State Electricity Transmission Company (WBSETCL) that will address the growing energy demand of the state and provide the utility with latest state-of-the-art transmission infrastructure.

The order worth approximately Rs 90 crore that the company won through a competitive bidding process includes construction of three new 132/33 kilovolt (kV) substations using GE’s advanced Gas Insulated Switchgear (GIS) technology in Ramnagar, Manbazaar and Birlapur. It also includes an extension of three existing substations at Hurand, Sirakole and Indus by adding two bays each.

GE T&D India is engaged in power transmission and distribution. Its products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows, as well as operate efficient networks through information management.

Related GE T&D India Ltd. Links:

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