GE Power spikes 5 per cent on NTPC order win

GE Power India informed the bourses that it has been awarded three contracts from NTPC to supply and install Wet FGD systems for a combined value of Rs 2311 crore, on Monday.

With these three projects, GE Power will treat approximately 35 million cubic meters per hour of flue gas and will reduce up to 1,08,400 tons of SO2 per year to meet India’s latest thermal power plant emission norms for SO2.

The company’s scope includes design, engineering, civil work, supply, erection and commissioning of Wet FGD systems along with auxiliaries including limestone and gypsum handling systems and wet stack on full turnkey basis. In addition, GE’s scope for IGSTPP Jhajjar (3x500 MW) also includes 10 years of operation and maintenance including the supply of spare parts.

GE Power India is mainly engaged in engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.

On Monday, the stock of GE Power India opened at Rs. 879.70 per share and jumped by 5 per cent to make an intraday high of Rs. 910 on BSE.