GE Power India hits 52-week high after getting order from NTPC GE Power

GE Power India Share Price: GE Power India hit a 52-week high on BSE on Friday (June 21, 2024) after the small-cap company received a Rs 243 crore order from its joint venture NTPC GE Power.

The GE Power India stock that closed the previous session at Rs 393.10 opened at a 52-week high of Rs 430.00, a 9.30 per cent upside from the previous close.

The stock was trading higher by 2.71 per cent, or Rs 10.65, at Rs 403.75 at 1:24 pm on Friday. 

What is GE Power's order?

GE Power has received an order with its NTPC JV for the renovation and modernisation of LMZ steam turbines of Wanakbori TPS Unit No. 1 (210 MW) & Unit No. 2 (210 MW) for heat rate (efficiency) improvement and life extension.

The order size is Rs 2,434,636,179 (Plus GST 18%).

The order should be executed in 33 months, the GE Power statement said.