Power Transmission and Distribution Company Bags Order Worth Rs 305 Crore from Power Grid: Stock Gains Over 500 Per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 1300 per cent in the past 2 years only.
GE T&D India Limited has received an order from Power Grid Corporation of India Limited for the implementation of the Unified Load Dispatch and Communication (ULDC) Phase-III SCADA/EMS Upgradation Project. This project involves upgrading the SCADA/EMS systems for the Eastern Regional SLDCs and RLDC. The contract, valued at Rs 305 crore, is to be executed by February 2026, which includes the completion of supplies, erection, and commissioning.
GE T&D India Limited shares closed the day at Rs 1745 per share. The company’s current market capitalization stands at Rs 44,680 crore. The stock has delivered a multibagger return of over 600 per cent in just 1 year.
As per the Quarterly Results, in Q1 FY25, GE T&D India Limited recorded a revenue of Rs 958 crore compared to Rs 718 representing a gain of 33.55 per cent. The operating profit for Q1 FY25 stood at Rs 182 crore compared to Rs 51, The operating profit margin stood for Q1 is 19 per cent. The net profit for Q1 FY25 was Rs 135 crore compared to Rs 28 crore representing a gain of around 380 per cent YoY. Looking at the annual performance, the company generated a revenue of Rs 3168 crore in FY24, compared to Rs 2773 crore in FY23. The operating profit for FY24 was Rs 319 crore, with a net profit of Rs 181 crore.
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GE T&D India Limited provides a comprehensive range of products and solutions for the power industry. Their offerings include power transformers, circuit breakers, switchgear, instrument transformers, substation automation equipment, and digital software solutions. They cater to medium to ultra-high voltage (up to 1200 kV) applications and also deliver turnkey solutions for substation engineering and construction. Additionally, the company specializes in technologies such as FACTS (Flexible AC Transmission Systems) and HVDC (High-Voltage Direct Current).
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Disclaimer: The article is for informational purposes only and not investment advice.