GE Power India trades jubilantly on getting LoI from Gujarat State Electricity Corporation
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GE Power India is currently trading at Rs. 179.15, up by 18.85 points or 11.76% from its previous closing of Rs. 160.30 on the BSE.
The scrip opened at Rs. 167.85 and has touched a high and low of Rs. 181.00 and Rs. 167.00 respectively. So far 182842 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.00 on 2-Aug-2023 and a 52 week low of Rs. 97.45 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 181.00 and Rs. 155.60 respectively. The current market cap of the company is Rs. 1194.30 crore.
The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 8.91% and 22.52% respectively.
GE Power India has received a Letter of Intent (LoI) worth Rs 444 crore (including GST) from Gujarat State Electricity Corporation for design, engineering, manufacture, supply, shop testing, packing & forwarding, installation, commissioning & PG Testing of FGD System. The order is to be executed by January 2026.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
