Ge T&d India

GE T&D stock hits 5% lower circuit as promoters begin stake sale via OFS

Promoters propose to sell an 11.7 per cent stake in the company equivalent to 30,000,000 equity shares via OFS on September 19 and 20

GE T&D shares jump over 4% after bagging multiple orders; check details

GE T&D India share price surged up to 4.44 per cent at Rs 1,800 per share on the BSE in Thursday's intraday deals

GE T&D India Q1 results: Net profit grows to Rs 134.5 cr on higher income

GE T&D India on Wednesday reported a multi-fold rise in its net profit to Rs 134.5 crore during the June 2024 quarter, mainly on account of higher income. It had posted a net profit of Rs 28.2 crore in the April-June quarter of the preceding 2023-24 fiscal, the company said in a regulatory filing. The company's total income rose to Rs 970.1 crore from Rs 729.5 crore a year ago. During the period under review, expenses stood at Rs 790.2 crore against Rs 690.9 crore in FY24. GE T&D India is a leading player in the power transmission and distribution business.

GE T&D India hits 52-week high on securing orders worth 90 million euros

The company has secured an order worth 26 million euros from Dubai-based Grid Solutions Middle East FZE

GE T&D Q3 results: Net profit jumps 49% to Rs 49.4 cr, revenue up 8%

GE T&D India on Monday posted a steep rise in net profit to Rs 49.4 crore in the December quarter mainly on the back of higher revenues. The company posted an 8 per cent rise in revenue to Rs 840 crore in the quarter, the company said in a release. Profit After Tax was at Rs 49.40 crore, against Rs 4.7 crore in the Quarter Ended (QE) December 2022, the company said. The order bookings were Rs 2,370 crore, up 204 per cent compared to Rs 780 crore in Quarter Ended (QE) December 2022. Sandeep Zanzaria, Managing Director & CEO of GE T&D India said in the statement, "As the pace of global energy transition accelerates with India spearheading the shift, our Q3 order book reflected a surge in demand - both in terms of domestic and exports. This, combined with our unwavering focus on optimization and strong order execution paved the way for improvement in profitability and the company becoming debt-free." GE T&D India is a leading player in the power transmission and ...

GE T&D India bags 74 million pound order from GE group's British arm

GE T&D India on Friday said it bagged an order worth 74 million pound (Rs 785 crore) from UK Grid Solutions Ltd for supply and manufacturing of HVDC Converter Transformer. Both the entities are part of GE Group and this related party transaction has been approved by shareholders in last annual general meeting held on August 21, 2023, GE T&D India said in a regulatory filing. The company received the order on December 28 in the normal/ordinary course of business from UK Grid Solutions Limited, it said, adding that the transaction is done at arm's length.

GE T&D India Q2 results: Net profit jumps multi-fold to Rs 37.12 cr

GE T&D India on Wednesday posted a multi-fold rise in its net profit to Rs 37.17 crore in the July-September quarter compared to the year-ago period. Its net profit stood at Rs 2.76 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income of the company declined to Rs 706.90 crore in the quarter from Rs 728.84 crore in the same period a year ago. Sandeep Zanzaria, Managing Director & CEO of GE T&D India said in a statement, "We witnessed a continued surge in the order book in Q2, driven by India's energy transition needs and government's focus on renewable energy schemes. "We are also pleased to report a notable improvement in profit in the second quarter along with a significant reduction in net debt." The order bookings were Rs 1,080 crore, up 123 per cent compared to Rs 490 crore in the July-September quarter of 2022. With over 100 years of presence in India, GE T&D India is a leading player in the Power Transmission & Distribution ...

GE T&D extends rally on strong order wins in Q1; soars 42% so far in August

So far in the current calendar year, the stock has zoomed 212 per cent, as against 7 per cent rise in the S&P BSE Sensex.

GE T&D India gets shareholders' nod to appoint Sandeep Zandaria as MD, CEO

GE T&D India has got shareholders' approval through a postal ballot notice to appoint Sandeep Zanzaria as Managing Director and Chief Executive Officer of the company. "All the resolutions as set out in the Notice of the Postal Ballot dated April 17, 2023, have been passed by the shareholders with the requisite majority," a BSE filing stated. The shareholders have passed two resolutions, firstly they approved the appointment of Zanzaria as Managing Director and Chief Executive Officer of the company. The second resolution for the appointment of Zanzaria as a Director not liable to retire by rotation was also approved by the shareholders through the postal ballot.

GE T&D India's loss narrows on lower input costs in March quarter

BENGALURU (Reuters) - GE T&D India Ltd, which manufactures power transmission and distribution equipment, reported a narrower fourth-quarter loss on Tuesday, as the company kept a tight lid on expenses.

Stock of this capital goods company has zoomed over 100% since April

The Finance Minister's latest Budget for FY 2023-24 has laid emphasis on government commitment to move towards net zero carbon emission by 2070

GE T&D India to sell global engineering biz to GEIIPL for Rs 140 crore

GE T&D India Ltd board has approved a proposal to sell its Global Engineering Operations Division (GEOD Business) to GE India Industrial Private Ltd (GEIIPL) via a slump sale for a cash consideration of Rs 140.6 crore. "The company has, in the meeting of its board of directors that was held on January 24, 2022, agreed to sell its Global Engineering Operations Division (India for Global) (GEOD Business) to GE India Industrial Private Ltd (GEIIPL) (a related party) together with the assets and manpower comprised therein along with its corresponding liabilities by way of a slump sale on an "as is where is" basis," a BSE filing said. The GEIIPL (the buyer) is a company incorporated under the Companies Act, 1956, and it is a part of the General Electric Group. As per the filing, the lump sum consideration for sale is Rs 140.6 crore and the Business Transfer Agreement is expected to be executed by January 31, 2022. The expected date of completion of sale is March 31, 2022, subject to .

GE T&D India surges 8% on order win worth of Rs 173 crore from JKPDD

The company has been awarded a Supervisory Control and Data Acquisition and Advanced Distribution Management Solution project by the Jammu & Kashmir Power Development Department.

GE T&D India hits six month high; stock surges 41% in two months

The stock was up 5% at Rs 331, its highest level since June 22, 2018, on the BSE.

GE T&D close to a turnaround

Operating profit margin expansion, driven by better execution, a major positive

GE T&D India zooms 20% on strong Q1 results, healthy order book position

The company reported net profit of Rs 61.7 crore against loss of Rs 197 crore in year ago quarter

GE T&D India Q3 profit at Rs 44.31 cr

Total income increased to Rs 1,266.86 cr against Rs 783.52 cr in the year-ago period.

GE T&D India starts operation in dedicated 765kv GIS line

Company said that the demand for the 765 kv GIS is growing

GE T&D: Profitable growth remains elusive

High one-off expenses dent operations in June quarter

GE T&D India tumbles after reverse turnaround in Q1

The stock hit a high of Rs 329.30 and a low of Rs 317.60 so far during the day