GE Power jumps on bagging contract worth Rs 863.40 crore
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GE Power India is currently trading at Rs. 189.40, up by 12.30 points or 6.95% from its previous closing of Rs. 177.10 on the BSE.
The scrip opened at Rs. 182.50 and has touched a high and low of Rs. 190.65 and Rs. 180.05 respectively. So far 68745 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 371.80 on 22-Jun-2021 and a 52 week low of Rs. 130.65 on 29-Mar-2022.
Last one week high and low of the scrip stood at Rs. 190.65 and Rs. 175.60 respectively. The current market cap of the company is Rs. 1247.41 crore.
The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 11.24% and 20.18% respectively.
GE Power India has been awarded a contract with basic price worth approximately Rs 863.40 crore (i.e. approximately $113 Million) by Greenko Ka01 Irep to Design, Engineering, Model Testing, Manufacture, Shop Testing, Packing, Supply, Insurance, Transportation and Deliver at Project site, of complete Electro-Mechanical Package from Main Inlet Valve (MIV) to LV Terminal connection of Generator Transformer including critical and mandatory Spares for 3 x 320 MW + 2 x 160 MW (total 1280 MW) Vertical Francis Pump Turbine Fixed Speed Machines at Saundatti,, Belagavi, Karnataka India.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
