07-02-2024 03:31 PM | Source: Accord Fintech
GE Power India soars on bagging order worth Rs 5.46 crore

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GE Power India is currently trading at Rs. 282.50, up by 3.35 points or 1.20% from its previous closing of Rs. 279.15 on the BSE.

The scrip opened at Rs. 282.55 and has touched a high and low of Rs. 287.25 and Rs. 275.95 respectively. So far 87193 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 301.05 on 02-Feb-2024 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. 301.05 and Rs. 248.10 respectively. The current market cap of the company is Rs. 1901.87 crore.

The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 4.39% and 27.04% respectively.

GE Power India has received a purchase order worth Rs 5.46 crore plus (GST 18%) from Lanco Anpara Power for 1st Bottom Bar replacement & Bottom Bars refurbishment of 660 MW DEC make Generator at Anpara. The order is to be executed within 35 days.

Earlier, the company had received a Letter of Acceptance (LoA) worth Rs 7.01 crore plus (GST 18%) from Sanjay Gandhi Thermal Power Station, MP Power Generating Company (MPPGCL)

GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.