Rs 3,400 Crore Order Book: Multibagger Power Generation Company Bags Orders Worth Rs 3,83,00,000 from Torrent Power and NTPC!
The company's shares have delivered an impressive return of over 210 per cent to their shareholders in just one year.
GE Power India Limited is engaged in the engineering, procurement, and construction (EPC) of key equipment for thermal and hydropower plants. It is one of the leading players in the Indian power generation equipment market. The company has announced the significant order received by the company.
GE Power India Limited has secured purchase orders worth Rs 3.83 crore (excluding 18 per cent GST) from Torrent Power Limited and NTPC Limited. The orders include Services for ESP at stations D, E & F and Supply of Boiler spares for NTPC Mouda thermal station, respectively. Both contracts are domestic, with a completion period of 25 days and 6 months.
Share Performance and Financial Performance
Today the company's stock closed at around Rs 499.65 per share, with a market capitalization of Rs 3359.02 crore. Additionally, the stock has delivered a multibagger return of over 210 per cent in the past 1 year.
As per the Quarterly Results in Q4 FY24, GE Power India Limited reported revenue of Rs 456 crore, representing a year-on-year de-growth of 14.35 per cent from Rs 532.66 crore last year. The company posted an operating loss of Rs 14.57 crore, compared to a loss of Rs 12.45 crore in the same quarter last year. The company’s net profit stood at Rs 0.37 crore in the Q4 FY24.
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Shareholding Pattern of GE Power Limited
According to the latest update, the promoters' stake stood at 68.58 per cent while FIIs held 0.39 per cent which increased from 0.25 per cent. The DIIs stake stood at around 2.99 per cent as per the recent update.
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Disclaimer: The article is for informational purposes only and not investment advice.