GE Power India is currently trading at Rs. 322.15, up by 3.80 points or 1.19% from its previous closing of Rs. 318.35 on the BSE.
The scrip opened at Rs. 323.00 and has touched a high and low of Rs. 326.00 and Rs. 320.60 respectively. So far 11925 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 549.30 on 07-Jul-2020 and a 52 week low of Rs. 177.35 on 04-Nov-2020.
Last one week high and low of the scrip stood at Rs. 332.10 and Rs. 305.60 respectively. The current market cap of the company is Rs. 2140.19 crore.
The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 17.08% and 14.35% respectively.
GE Power India (GEPIL) has bagged three separate orders worth Rs 125 crore ($16.54 million) for the upgrade of the coal-fired power plants equipment from STEAG Energy (for Vedanta), Tata Power, and JSW Steel.
The order from STEAG Energy Services (India) is for the complete replacement of economizer zone tube bank for two units of 600-megawatt (MW) Chinese make boilers for the end customer, which is Vedanta's Jharsuguda power plant in Odisha. This upgrade is part of the overall renovation program to make the boiler system more efficient and reliable. The scope of the project includes design, engineering, manufacturing, supplying, erection, testing, and commissioning of the new boiler pressure parts and other associated components. Tata Power will implement a combustion modification system for their existing Indian make boilers along with advanced firing system equipment to meet the NOx (nitrous oxide) emission norms for their Jojobera plant at Jharkhand.
JSW Steel's Bellary plant in Karnataka intends to enhance the capacity of their existing Indian make coal mills with the latest GE mill technology. The upgrade will increase mill output to ensure a better coal injection rate to the furnace with improved reliability and availability. After the upgrade, JSW will also have the benefit of spares optimization as similar mills are already in operation at the site.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
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