GE Power India rose 1.88% to Rs 776 at 09:48 IST on BSE after the company announced winning an order worth Rs 468 crore for twin boiler equipment from Bhel.
The announcement was made after market hours yesterday, 3 July 2018.Meanwhile, the S&P BSE Sensex was down 36.27 points or 0.1% to 35,342.33.
On the BSE, 757 shares were traded in the counter so far, compared with average daily volumes of 1,151 shares in the past two weeks. The stock had hit a high of Rs 777.80 and a low of Rs 766 so far during the day.
GE Power India said that the company has been awarded twin boiler equipment orders by Bharat Heavy Electricals (Bhel) for supercritical thermal power projects in Patratu and Udangudi worth approximately Rs 467.9 crore exclusive of taxes (i.e. approximately US$ 68.3 million).
As part of the order, the company will supply pressure parts equipment for the Patratu project at an order value of approximately Rs 341.5 crore exclusive of taxes (i.e. approximately US$49.8 million) and to Udangudi thermal power projects at a value of approximately Rs 126.4 crore exclusive of taxes (i.e. approximately US$18.5 million). for onshore supply.
GE Power India's net profit rose 32.04% to Rs 51.55 crore on 12.53% rise in net sales to Rs 366.45 crore in Q4 March 2018 over Q4 March 2017.
GE Power India is engaged in power generation with deep domain expertise to help customers deliver electricity from a wide spectrum of fuel sources.
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