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