GE T&D India is currently trading at its upper limit of Rs. 395.75, up by 18.80 points or 4.99% from its previous closing of Rs. 376.95 on the BSE.
The scrip opened at Rs. 375.10 and has touched a high and low of Rs. 395.75 and Rs. 371.05 respectively. So far 8306 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 449.00 on 29-Sep-2023 and a 52 week low of Rs. 98.90 on 28-Feb-2023.
Last one week high and low of the scrip stood at Rs. 395.75 and Rs. 346.00 respectively. The current market cap of the company is Rs. 10133.04 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.78% and 8.23% respectively.
GE T&D India has secured orders worth approximately Rs 500 crore from Power Grid Corporation of India (PGCIL) for the supply of 765 kV Power Transformers and Shunt Reactors for PGCIL’s various transmission system projects in India. These projects aim to facilitate the integration of renewable energy into the national electricity grid and enhance electricity transmission within the country, including the state of Rajasthan.
GE T&D India will be responsible for providing the complete equipment package, including design, engineering, manufacturing, and testing. Additionally, the company will oversee the erection and commissioning of the 765 kV class transformers and reactors at the designated transmission substation sites. The order was booked recently in the month of October 2023 and the equipment is scheduled for delivery from the beginning of 2024 until 2025.
GE T&D India is a leading player in the Power Transmission & Distribution business.
