GE Power India shines on receiving purchase order from Vedanta
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GE Power India is currently trading at Rs. 178.00, up by 8.50 points or 5.01% from its previous closing of Rs. 169.50 on the BSE.
The scrip opened at Rs. 169.05 and has touched a high and low of Rs. 182.90 and Rs. 169.05 respectively. So far 58242 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 198.00 on 07-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. 187.50 and Rs. 165.55 respectively. The current market cap of the company is Rs. 1192.95 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 purchase order from Vedanta for Combustion Modification of Boiler. It is a NOX Reduction order at Vedanta, Lanjigarh CGPP unit 3 x 30 MW. The order base value is Rs 25 crore plus (GST 18%). The said order is expected to be completed in 14 months.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
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