Rs 3,400 Crore Order Book: Multibagger Power Generation Company Bags Order Worth Rs 348,00,00,000, Stock Gains Over 200 per cent in Just 1 Year!
FIIs increased their stake and the company's shares have delivered an impressive return of around 250 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 been awarded a contract by NTPC GE Power Services Private Limited (NGSL) for the renovation and modernization of steam turbines at NTPC Vindhyachal TPS Unit No. 1-3 (3x210 MW). The project aims to enhance heat rate (efficiency) and extend the operational life of the turbines. The contract is to be completed within 44 months, with a basic price of approximately Rs 348 crore, excluding GST.
Share Performance and Financial Performance of GE Power Limited
Today company's stock closed at around Rs 479 per share, with a market capitalization of Rs 3220.20 crore. Additionally, the stock has delivered a multibagger return of over 200 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.