Multibagger power transmission company bags new order worth Rs 490 crore (plus 18 per cent GST) from Power Grid Corporation of India Ltd

Multibagger power transmission company bags new order worth Rs 490 crore (plus 18 per cent GST) from Power Grid Corporation of India Ltd

Kiran Shroff
/ Categories: Trending, Multibaggers

The company has a market cap of over Rs 40,000 crore and working capital requirements have reduced from 38.4 days to 30.1 days.

GE T&D India Limited has been awarded a contract by Power Grid Corporation of India Limited to implement the Unified Load Dispatch and Communication ULDC Phase-III SCADA/EMS Upgradation Project for Northern Regional SLDCs and RLDC. This domestic project involves the supply, installation, testing, commissioning, and subsequent maintenance of SCADA/EMS control centres. The total value of the contract is Rs 490 crore, plus an 18 per cent GST and the project is scheduled for completion by January 2026.

Earlier, the company secured an EURO 64 million order from its group company, Grid Solutions SAS, France, for the supply and supervision of high-voltage products over two years. This international order is classified as a related party transaction conducted at arm's length and represents a component of a larger project being executed by the group company for an external client.

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GE T&D India Ltd is a publicly traded subsidiary of GE's Grid Solutions business with over a century of experience in power transmission and distribution. The company specializes in connecting power generation sources to the grid, offering a wide range of products and solutions including power transformers, circuit breakers, switchgear, substation automation equipment, digital software, and turnkey substation engineering and construction services. Their portfolio extends from medium to ultra-high voltage (1200 kV) applications, and they also provide advanced technologies like FACTS and HVDC.

The company has a market cap of over Rs 40,000 crore and working capital requirements have reduced from 38.4 days to 30.1 days. The stock gave multibagger returns of 160 per cent in just 6 months, 590 per cent in 1 year and a whopping 1,465 per cent in 2 years. Investors should keep an eye on this mid-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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