Rs 3,699 crore order book: This multibagger heavy electrical equipment company bags new orders worth Rs 12,35,46,000 from National Thermal Power Corporation

The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 97.45 per share

GE Power India Limited informed that the company bagged an order from NTPC Limited for the supply of spares for 660 MW generator overhauling at Nabinagar Super Thermal Power Station. The order will be completed within 40 weeks and the base value of the order is Rs 10.47 crore plus (GST 18 per cent). Hence the total order including GST is Rs 12,35,46,000.

Earlier to the above order, the company received another order worth Rs 8,27,18,000 from Sanjay Gandhi Thermal Power Station, MP Power Generating Company Ltd (MPPGCL). The order includes design, engineering, supply of wind box casing with buck stay, bracings etc. along with modified air register and dismantling of the existing system and erection of wind box along with modified air register in unit No 1 of 210 MW ABL make boilers of PH-1, SGTPS, MPPGCL Birsinghpur and will be completed in 180 days for supply plus 35 days for service.

GE Power India Ltd is engaged in the business of engineering, procurement & 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 a market cap of over Rs 1,665 crore and as of September 30, 2023, the company’s order book stands at Rs 3,699 crore.

Today, shares of GE Power India Ltd plunged 0.54 per cent to Rs 247.75 per share with an intraday high of Rs 250.95 and an intraday low of Rs 245.80. The stock’s 52-week is 286.45 and its 52-week low is Rs 97.45. The stock gave multibagger returns of over 150 per cent from its 52-week low of Rs 97.45 per share and investors should keep an eye on this Small-Cap stock.

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