Ge Power India

GE Power India Q2 results: Net profit rises to Rs 67 cr on lower expenses

GE Power India on Wednesday reported a net profit of Rs 66.8 crore in the September 2024 quarter, aided by lower expenses. It had posted a Rs 61.8 crore loss in the year-ago period, the company said in a regulatory filing. Its total income slipped to Rs 244.4 crore compared to Rs 250.8 crore in the July-September period of the preceding 2023-24 fiscal. During the reported period, the company reduced expenses to Rs 235.3 crore against Rs 286.7 crore a year ago.

GE Power India announces appointment of Puneet Bhatla as new MD from Sep

GE Power India on Thursday announced the appointment of Puneet Bhatla, Executive - Business Operations services as its Managing Director effective September 1. "...Puneet Bhatla (Executive - Business Operations services), Ashutosh Gupta (Executive - Sourcing) and Raj Raman (Executive - Project portfolio) designated as 'Senior Management Personnel' have ceased to be the senior management of the company, with effect from September 1, 2024," the company said in a regulatory filing. The company said Bhatla has been appointed as its managing director, subject to approval of members and therefore, Puneet is no longer falling under the definition of "senior management" as per listing regulations.

GE Power India Q1 results: Net loss down at Rs 9.53 cr, revenue Rs 465 cr

GE Power India on Friday reported a narrowing of its consolidated loss to Rs 9.53 crore in the June 2024 quarter. The company suffered a consolidated net loss of Rs 135.79 crore in the quarter ended on June 30, 2023, according to a regulatory filing. Total income rose to Rs 465.80 crore in the quarter from Rs 440.28 crore in the same period a year ago. The Quarter Ended (QE) with an order backlog of Rs 3,917 crore up by 15.8 per cent compared to Rs 3,382.3 crore during the quarter ended in June 2023. The first quarter of the financial year 2024-25 started on a positive note with GE Power India's strategy translating into orders and favourable sales mix, Prashant Jain, Managing Director at GE Power India, said in the filing. GE Power India Ltd (GEPIL) is a leading player in the Indian power generation equipment market.

This small-cap stock has bounced back 80% from June low; zooms 3x in 1 year

Shares of GE Power India hit an over three-year high of Rs 483.15, zooming 18 per cent on the BSE in Thursday's intraday trade

GE Power rallies 9% on Rs 243 cr order win from NTPC GE Power Services

The surge in stock price came after GE Power announced that it has received a letter of Intent from NTPC GE Power Services for a project worth Rs 243 crore

Premier Energies and GE Power India bag order from state-owned NTPC

GE Power India Limited on Tuesday said it received an order worth Rs 10.3 crore from state-owned NTPC. The order is for supply of spares and repair of high power inner casing module, GE Power India said in a BSE filing. The order is to be completed in 10.5 months, the company said. GE is a leading player in engineering, manufacturing, project management and supply of products and solutions for power generation and transmission infrastructure requirements.

GE Power India's net loss widens to Rs 135.79 crore in June quarter

GE Power India on Friday reported widening of consolidated net loss to Rs 135.79 crore in the June quarter. It had reported a consolidated net loss of Rs 59.02 crore in the year-ago quarter, according to a regulatory filing. The company's total income declined to Rs 440.28 crore in the first quarter of the current fiscal from Rs 520.01 crore in the same period a year ago. "In the June quarter, we continued to see that the turnaround is taking longer than anticipated... we are seeing a slight ease on the FGD (Flue-Gas Desulfurisation) market, but conversion to orders is still slower than expected," GE Power India Managing Director Prashant Jain said in a statement. The company's revenue is down due to lower orders in previous quarters and project delays, he said and added that efforts on claims settlement are ongoing but it is a long-drawn process.

GE Power India consolidated loss narrows to Rs 129.70 cr in March quarter

GE Power India on Friday said its consolidated net loss narrowed to Rs 129.70 crore in the quarter ended March 2023. It had reported a consolidated net loss of Rs 179.10 crore in the year-ago period, according to a BSE filing. Its total income in the March 2023 quarter stood at Rs 359.43 crore against Rs 618.86 crore a year ago. The consolidated net loss in the fiscal 2022-23 rose to Rs 440.58 crore from Rs 288.82 crore in 2021-22. The total income in the fiscal declined to Rs 1,884.03 crore from Rs 2,758.67 crore in 2021-22. The company's (March) quarter ended (QE) with an order backlog of Rs 3,615.3 crore. "We continue to progress on the turnaround of GE Power India Limited operations, but it is taking longer than expected due in part to the slowdown in the FGD market. The upgrade market has grown in size, but here as well conversion to orders is slower than we anticipated," Prashant Jain, Managing Director of GE Power India, said in a statement. The segment where the company

GE Power India reports Rs 112 cr Q2 loss, income dips to Rs 460 cr

GE Power India on Monday reported a consolidated net loss of Rs 112.57 crore in the September quarter. The company had reported a consolidated net profit of Rs 39.33 crore in the quarter ended September 30, 2021, the company said in a regulatory filing. Total income of the company dipped to Rs 460.08 crore in the quarter under review from Rs 790.31 crore in the same period a year ago. The quarter ended with an order backlog of Rs 4,095.8 crore, a statement said. "The second quarter of the financial year 2022-23 was mixed. The quarter was impacted as the company reported negative earnings growth, however, GEPIL is making progress in delivering on the business strategy to grow services, ensure the right mix of EPC & EP projects and grow industrial and private customers," said Prashant Jain, Managing Director, GE Power India. He said orders in the Services business segment are up by 42 per cent compared to the corresponding period of last year combined with good profitability. "We .

GE Power India reports Rs 34.12-crore loss for December quarter

GE Power India reported a consolidated net loss of Rs 34.12 crore in the December 2021 quarter. The company reported a consolidated net profit of Rs 35.09 crore in the quarter ended on December 31, 2020, according to a BSE filing. Its total income during October-December 2021 dipped to Rs 798.29 crore, compared with Rs 1,143.13 crore in the year-ago period. "This was the strongest quarter for core services in the past couple of years. We have booked orders worth Rs 961 million (Rs 96.1 crore), including a significant mill's spare parts order for the year from NTPC Rihand. "We have seen a 65 per cent growth in Q3 compared to the previous quarter in core services and this was the highest quarterly intake in the FY," Prashant Jain, managing director of GE Power India, said. However, the finalisation of key orders in upgrades got postponed due to the deferment of the customer's outage schedule, he added. The company won an order for the supply of Wet FGD in association with Apollo ..

GE Power India profit rises 5% to Rs 39 crore in September quarter

GE Power India on Tuesday said its consolidated net profit rose over 5 per cent to Rs 39.33 crore in September quarter 2021-22.

GE Power India to acquire 50% equity stake in NTPC GE Power Services

GE Power India's board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. "Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved acquisition of 50 per cent of the issued and paid-up share capital of NTPC GE Power Services Pvt Ltd (NGSL)," a BSE filing said. It also stated that the cost of acquisition or the price at which the shares are acquired is a cash consideration of Rs7,20,00,000. The acquisition of shares of NGSL from GEPower Systems GmbH is a related party transaction as the Company and GE Power Systems GmbH are GE Group Affiliates. The said related party transaction will be at arm's length price. Upon completion of the acquisition of shares from GE Power Systems GmbH, the company would enter into renovation and modernisation of thermal power plants segment and partner with NTPC Limited, which is a PSU and a pioneer in thermal power plants. This investment and JV wi

GE Power India reports 65% dip in Q3 consolidated net profit at Rs 35 cr

GE Power India on Monday reported 65 per cent decline in consolidated net profit at Rs 35.09 crore for December quarter 2020-21.

Wockhardt, Jammu & Kashmir Bank, GE Power, DHFL locked in upper circuit

In the past seven days, GE Power has rallied 80 per cent from its multi-year low of Rs 177.

We're committed to flue gas desulphurisation biz, says GE Power India

The market for efficiency and emission control is worth around $900 million and is centred around parts, repairs, and services of boilers, turbines, and generators

GE Power India shares hit over 8-year low, decline 35% in one month

The stock was down 5% at Rs 284, its lowest level since December 2011 on the BSE.

GE Power bags orders worth Rs 850 cr to set up air quality systems

The company will supply these air quality control systems (AQCS) solutions to NTPC, Hindalco Industries and UP Rajya Vidyut Utpadan Nigam Ltd

GE Power India bags orders worth Rs 2,311 cr from state-owned NTPC

GE Power India Monday said it has bagged orders worth Rs 2,311 crore (USD 335 million) from state-owned NTPC. The orders are for supply and installation of wet Flue Gas Desulphurisation (FGD) systems at three coal-based power plants. The three power plants are IGSTPP Jhajjar (3x500 MW) of Aravali Power Company Private Ltd (APCPL); Simhadri Super Thermal Power Station Stage I & Stage II of NTPC and Sipat Super Thermal Power Station Stage I (3x660 MW)of NTPC, a GE Power India statement said. APCPL is a joint venture of NTPC, Haryana Power Generation Company (of Harayan Government), and Indraprastha Power Generation Company (of Delhi Government). According to the statement, GE's scope of work includes design, engineering, civil work, supply, erection and commissioning of wet FGD systems along with auxiliaries including limestone and gypsum handling systems and wet stack on full turnkey basis. GE's scope for IGSTPP Jhajjar also includes ten years of operation and maintenance including

GE Power rallies 5% on winning Rs 738 crore Aravali Power contract

The stock surged 5 per cent to Rs 930 on the BSE on Tuesday trading close to its 52-week high level of Rs 933 touched on May 20, 2019 on the BSE in intra-day trade.

GE Power to shut Gujarat plant from tomorrow

The company said it would continue as a key contributor to the domestic hydro market