GE Power surges on receiving orders worth Rs. 468 crore from BHEL

GE Power India gained over 2.5 per cent in the morning trade on Wednesday after the company announced receiving an order worth Rs. 468 crore from BHEL. 

The company won twin boiler equipment orders from Bharat Heavy Electricals (BHEL) for super-critical thermal power projects in Udangudi and Patratu, worth approx. Rs. 467.9 crore.

GE Power will be supplying pressure parts equipment for the Patratu project worth approx. Rs. 341.5 crore and to Udangudi thermal power projects worth approx. Rs. 126.4 crore. 

At 10:11 hours on Wednesday, GE Power was trading at Rs.772 per share, up Rs. 13.55 or 1.79 per cent on NSE. The stock opened at Rs. 772 and touched an intra-day high of Rs. 778 per share on NSE. The stock has a 52-week high of Rs. 1044.70 and a 52-week low of Rs. 618.60 per share on NSE. The stock attracted a traded volume of 11,236 shares on NSE.