Rs 3,400 Crore Order Book: Multibagger Power Generation Company Secures Orders from MP Power Generating Company and Blue Energy – Complete Details Inside!

Rs 3,400 Crore Order Book: Multibagger Power Generation Company Secures Orders from MP Power Generating Company and Blue Energy – Complete Details Inside!

Rakesh Deshmukh

The company's shares have delivered an impressive return of over 135 per cent to their shareholders in just one year.

GE Power India Limited is engaged in the business of 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 received a purchase order from MP Power Generating Company Ltd for the supply of boiler parts at the Sanjay Gandhi Power Station. The contract, valued at Rs 209 million plus 18 per cent GST, is set to be executed within 3.5 months.

Additionally, the company has secured another contract from Blue Energy Limited. This contract involves the design, engineering, procurement, and supply of turbine, governing, generator, and control systems, as well as the erection, testing, and commissioning of equipment for the 100MW Super Trishuli Hydropower Project. The contract, valued at Rs 2,404 million and NPR 340 million (excluding taxes and duties), is expected to be completed within 42 months.

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Today, the company's stock closed at around Rs 390 per share, with a market capitalization of Rs 2621.87 crore. Additionally, the stock has delivered a multibagger return of over 130 per cent in the past 1 year.

As per the Quarterly Results in Q1 FY25 GE Power India Limited reported revenue of Rs 430.44 crore, representing a year-on-year growth of 1.53 per cent from Rs 423.57 crore same quarter last year. The company posted an operating loss of Rs 29.50 crore, compared to a loss of Rs 132.09 crore in the same period. The company’s net loss stood at Rs 9.53 crore in the Q1 FY25 versus a loss of Rs 135.79 crore.

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. 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.

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