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GE Power India spurts after winning order

Capital Market 

GE Power surged 6.58% to Rs 908.10 at 10:53 on after the company said it was awarded a contract worth approximately Rs 818.30 crore by

The announcement was made after market hours yesterday, 10 January 2018.

Meanwhile, the Sensex was up 0.44 points, to 34,433.51. The Mid-Cap index was up 82.89 points, or 0.46% to 18,201.13.

On the BSE, 29,000 shares were traded in the counter so far, compared with average daily volumes of 8,795 shares in the past two weeks.

The stock had hit a high of Rs 915 and a low of Rs 881.80 so far during the day.

GE Power said that it was awarded a contract worth approximately Rs 818.30 crore (i.e. approximately $126 million) by to design, engineering, manufacturing, supply, erection, testing and commissioning of 12 Nos., 80 MW capacity vertical full Kaplan Turbine generator units along with all associated auxiliary and

GE Power reported net profit of Rs 6.56 crore in Q2 September 2017 as against net loss of Rs 97.10 crore in Q2 September 2016. Net sales declined 45.4% to Rs 261.95 crore in Q2 September 2017 over Q2 September 2016.

GE Power is engaged in power generation with deep domain expertise to help customers deliver from a wide spectrum of fuel sources.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 11 2018. 11:09 IST
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