GE Power India gains after winning order

GE Power India rose 1.79% to Rs 646.50 at 9:36 IST on BSE after the company said it won an order worth Rs 328 crore from Doosan Power India.

The announcement was made after market hours yesterday, 27 September 2017.

Meanwhile, the S&P BSE Sensex was down 58.68 points, or 0.19% to 31,101.13.

On the BSE, 373 shares were traded in the counter so far, compared with average daily volumes of 25,000 shares in the past two weeks. The stock had hit a high of Rs 652.65 and a low of Rs 642 so far during the day.

GE Power India said the order is for supplying 4 units of 660 megawatts (MW) electrostatic precipitator (ESP) for the supercritical power projects of Uttar Pradesh Government, Obra C 2x660 MW project of Uttar Pradesh Rajya Vidyut Utpadan Nigam (UPRUVNL) and Jawaharpur 2x660 MW of Jawaharpur Vidyut Utpadan Nigam (JUVNL).

GE Power India reported net profit of Rs 10.58 crore in Q1 June 2017 as against net loss of Rs 63.07 crore in Q1 June 2016. Net sales declined 10.7% to Rs 344.27 crore in Q1 June 2017 over Q1 June 2016.

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

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