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GE Power India Ltd News

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

This small-cap stock has bounced back 80% from June low; zooms 3x in 1 year
Updated On : 04 Jul 2024 | 3:28 PM IST

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

GE Power rallies 9% on Rs 243 cr order win from NTPC GE Power Services
Updated On : 21 Jun 2024 | 2:33 PM IST

This smallcap heavy electrical equipment stock has zoomed 113% in 5 months

GE Power India in an exchange filing on Thursday said it bagged contracts worth Rs 775 crore from Jaiprakash Power Ventures.

This smallcap heavy electrical equipment stock has zoomed 113% in 5 months
Updated On : 04 Apr 2024 | 3:08 PM IST

GE Power India Q3 results: Net profit at Rs 37 lakh on fall in expenses

GE Power India has turned profitable with a marginal net profit of Rs 37 lakh in December 2023 quarter, supported by a fall in expenses. It had reported a net loss of Rs 139.9 crore in the October-December period of preceding financial year, the company said in an exchange filing on Monday. The company's total income fell to Rs 491.2 crore from Rs 544.5 crore a year ago. Expenses trimmed to Rs 493.1 crore in the reporting quarter from Rs 563.9 crore in the same period last fiscal. In a separate statement, the company said December quarter ended with an order backlog of Rs 3,437.4 crore, down by 14.5 per cent compared to Rs 4,019.7 crore in December 2022. Prashant Jain, Managing Director, GE Power India, said, "In the third quarter of the financial year 2023-24, we continue to see that FGD (flue gas desulfurization) and Hydro PSP (pumped storage project) opportunities are converting to orders slower than anticipated." The services business continues to grow with 56 per cent more o

GE Power India Q3 results: Net profit at Rs 37 lakh on fall in expenses
Updated On : 13 Feb 2024 | 6:04 PM IST