Rs 2,706 Crore Order Book: Heavy Electrical Equipment Company Bags New Order Worth Rs 382 Million From NTPC Ltd
The stock is up by 18 per cent from its 52-week low of Rs 220.80 per share.
GE Power India Limited has secured a purchase order from NTPC Limited, a domestic entity, valued at Rs 382 million (excluding 18 per cent GST), for the supply of generator parts to the Talcher site. The contract, which involves the supply of parts for the generator, is expected to be executed within a period of 40 months.
About the Company
GE Power India Limited (GEPIL) is a prominent player in India's power generation equipment market. The company has been instrumental in modernizing and expanding India's infrastructure, navigating complex economic and political landscapes. With a nationwide network of sales offices and workshops, GEPIL has a strong presence across the country. Its manufacturing facilities in Durgapur, West Bengal, and Noida contribute to its ability to deliver a comprehensive range of power generation solutions. GEPIL remains committed to providing sustainable, affordable, and reliable electricity, with a particular focus on emissions control and comprehensive service offerings.
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According to Quarterly Results, the net sales increased by 8 per cent to Rs 316.90 per cent in Q3FY25 compared to Q2FY24. The company reported a net loss of Rs 18.58 crore in Q3FY25 compared to a net profit of Rs 0.37 crore in Q3FY24. In its annual results, the company reported net sales of Rs 1,625 crore and a net loss of Rs 171 crore.
According to the shareholding pattern as of December 2024, the promoters own 68.58 per cent, FIIs own 0.85 per cent, DIIs own 2.80 per cent, the Government own 0.39 per cent and the rest, 27.39 per cent, is owned by the general public. The company has a market cap of over Rs 1,700 crore and as of December 31, 2024, the company’s order book stands at Rs 2,706 crore. The stock is up by 18 per cent from its 52-week low of Rs 220.80 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.