Rs 3,699 crore order book: This multibagger heavy electrical equipment company receives new orders worth Rs 24,04,84,000 from NTPC and BPSCL!

The stock gave multibagger returns of 140 per cent from its 52-week low of Rs 97.45 per share.

GE Power India Limited informed that the company has received orders worth Rs 24,04,84,000 from NTPC Ltd and Bokaro Power Supply Company Pvt Ltd. Here are the details:

Order No. – 1: The company received an LOI from NTPC Limited for the procurement of spares for carrying out the class-B inspection of unit 1 GE make 660 MW generator at NTPC Solapur. The period by which the order is to be executed is tentatively 40 weeks. 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.

Order No. – 2: The company received a purchase order for the supply of spares for TG #8 at Bokaro Power Supply Company (P) Ltd. (BPSCL). The period by which the order is to be executed is 12 months. The base value of the order is Rs 9.91 crore plus (GST 18 per cent). Hence the total order including GST is Rs 11,69,38,000.

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 1,500 crore and as of September 30, 2023, the company’s order backlog/book stands at Rs 3,699 crore.

Today, shares of GE Power India Ltd gained 0.02 per cent to Rs 227.85 per share with an intraday high of Rs 232.05 and an intraday low of Rs 226. The stock’s 52-week is 254.35 and its 52-week low is Rs 97.45. The stock gave multibagger returns of 140 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.