GE T&D Share Price: GE T&D India Ltd touched an upper circuit of Rs 724.20 on BSE on Tuesday (February 6, 2024) after the company reported strong December quarter numbers. 

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The stock of the company was trading up by 4.99 per cent, or Rs 34.45, at Rs 724.20 at 10:54 am on Tuesday.

GE T&D India Ltd also hit a 52-week high on February 1, 2, and 5 and January 31.

GE T&D Q3 results

The power supply chain company reported 9.8 times jump in its consolidated profit after tax (PAT) to Rs 49 crore from Rs 5 crore.

Revenue from operations was also higher by 8 per cent to Rs 839 crore against Rs 777 crore.

Important announcements

  • A material-related party transaction of Rs 1500 crore has been approved.
  • Grid Solutions Middle East has approved a party transaction worth Rs 350 crore with FZE.
  • A party transaction worth Rs 650 crore has been approved with Grid Solutions SAS
  • A party transaction worth Rs 500 crore has been approved with LM Wind Power Blades
  • Note: Goods and services from the project will be provided within 12 months after shareholders' approval.