GE Power India Rose over 7% after NTPC Order Win

Shares of GE Power India surged 7.19% to Rs 514.85 after the company secured a purchase order from NTPC, India's major power producer. 
 

Key Takeaways from GE Power’s NTPC Order Win

• GE Power India’s shares jumped 7.19% to Rs 514.85. 
• The surge in the share price of NTPC took place after the company secured a purchase order from NTPC, India's major power producer.
• GE Power India is to fulfil the order within 9.5 months.

The order was valued at Rs 1.87 crore and involves supplying main turbine spares for the NTPC Talcher plant. The company is likely to fulfil the order within a period of 9.5 months.
 

About GE Power India Limited

GE Power India Limited is a publicly owned company that was established on September 2, 1992, as Asea Brown Boveri Management Limited under the terms of the Indian Companies Act. GE is a major energy player in the country, with expertise in engineering, manufacturing, project management, and the provision of goods and solutions for power production and transmission infrastructure needs. GE has two companies listed on Indian stock exchanges: GE Power India Limited and GE T&D India Limited. 
 

GE Power India specialises in engineering, manufacturing, project management and supply of products and solutions for infrastructure. The company's operations include a composite range of activities i.e. engineering, procurement, manufacturing, construction and servicing etc. of power plants and power equipment. GE has engineering centres in Noida and Kolkata and a manufacturing unit dedicated to boilers in Durgapur.
 

Read More About GE Power India Share Price Here!
 

About NTPC Limited

NTPC Limited, established in 1975, is India's largest power utility, having a total installed capacity of 76,048 MW (including joint ventures). The company is on track to become India's largest integrated power provider, with a goal capacity of 130 GW by 2032.

NTPC has extensive Rehabilitation & Resettlement and CSR policies that are seamlessly interwoven with its main business of developing power plants and generating energy. It is committed to providing dependable electricity at affordable costs in a sustainable way by optimising the use of numerous energy sources with new eco-friendly technologies, hence contributing to the nation's economic progress and societal upliftment.

Read More About NTPC Share Price Here!