GE Power India rose 1.69% to Rs 527 at 12:01 IST on BSE after the company said it has secured contract worth about Rs 198.8 crore from NTPC ALSTOM Power Services.
The announcement was made after market hours yesterday, 5 January 2017.Meanwhile, the S&P BSE Sensex was down 12.06 points or 0.04% at 26,866.18.
On the BSE, 1,146 shares were traded on the counter so far as against the average daily volumes of 1,617 shares in the past one quarter. The stock had hit a high of Rs 545 and a low of Rs 525 so far during the day.
The stock had hit a 52-week high of Rs 689.15 on 8 January 2016 and a 52-week low of Rs 440.50 on 21 November 2016. The stock had outperformed the market over the past one month till 05 January 2017, advancing 8.26% compared with the Sensex's 2.01% rise. The scrip had also outperformed the market over the past one quarter, declining 3.79% as against the Sensex's 4.76% fall.
The mid-cap company has equity capital of Rs 67.23 crore. Face value per share is Rs 10.
GE Power India announced that it has been awarded a contract by NTPC ALSTOM Power Services (a 50:50 joint venture between NTPC & GE) of approximately Rs 198.80 crore including duties and taxes for steam turbine upgrade project at NTPC's Ramagundam super thermal power plant in Telangana. The company's scope of work consists of supply of steam turbine module, its auxiliaries, turbine controller and spares including supervision of erection, commissioning and testing, GE Power India said.
GE Power India reported net loss of Rs 97.10 crore in Q2 September 2016, higher than net loss of Rs 48.02 crore in Q2 September 2015. Net sales declined 9.8% to Rs 477.65 crore in Q2 September 2016 over Q2 September 2015.
GE Power India is engaged in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
