Rs 500 crore order received: This multibagger stock hits upper circuit as it secures multi-crore orders from Power Grid Corporation of India!
GE T&D India Ltd.'s Strong Market Position, Ability to Deliver Quality Products and Receipt of Orders from PGC
GE T&D India Ltd. (NSE: GE T&D Ltd.), a part of GE Vernova's Grid Solutions business, has secured orders worth approximately Rs 500 crores from Power Grid Corporation of India (PGCIL) for the supply of 765 kV Power Transformers and Shunt Reactors for PGCIL's various transmission system projects in India. These projects aim to facilitate the integration of renewable energy into the national electricity grid and enhance electricity transmission within the country, including the state of Rajasthan.
This order is a significant win for GE T&D India, demonstrating the company's strong market position and its ability to deliver high-quality products and services to its customers. It also highlights the company's commitment to the Indian market and its support for the country's ambitious grid modernization plans.
Key Financial Highlights (Q1 FY2023)
- In Q1 FY2023, GE T&D India's revenue stood at Rs 718 crore, a notable increase from Rs 593 crores in the previous year's corresponding quarter.
- The company's Profit Before Tax (PBT) surged to Rs 39 crore, up from Rs 10 crores in the same quarter of the previous year.
- GE T&D India's Profit After Tax (PAT) reached Rs 28 crore, a substantial rise compared to Q1 FY2023 when it was Rs 6 crore.
- In Q1FY24, the order book amounted to Rs 1000 crore with significant increase of 68 per cent compared to Rs 600 crore in Q1FY23. This demonstrates strong demand for the products and services in the market
Recent Developments
- In September 2023, GE T&D India inaugurated a state-of-the-art manufacturing facility for power transformers in Vadodara, Gujarat. This new facility boasts a production capacity of over 100 power transformers annually, enabling GE T&D India to meet the increasing demand for power transformers in both India and abroad.
- In August 2023, GE T&D India entered into a Memorandum of Understanding (MoU) with the Government of Rajasthan to establish a Centre of Excellence for Smart Grid Technologies in the state. The Centre of Excellence will primarily focus on the development and deployment of innovative smart grid solutions, contributing to Rajasthan's renewable energy targets and enhancing the efficiency and reliability of its power grid.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
Disclaimer: This article is for informational purposes only and not investment advice.
Related articles
-
Rs 3,264 crore order book: This multibagger stock hits the upper circuit as it secures a 74 million GBP order from UK Grid Solutions!
-
Promoters and FIIs increased stake: This small-cap pharma company targeted Rs 750 crore revenue!
-
Twin orders: Small-cap multibagger gets orders from Cochin Shipyard and ISRO!
-
Small-cap company attracts buyers in weak market on robust financials; is it part of your investment portfolio?
-
Back-to-back upper circuit: Heavy buying witnessed in this power transmission company’s stock, gains 460 per cent in just one year!
-
Rs 7,07,631 lakh order book and FIIs & DIIs increase stake: This railway wagons company bags new order worth Rs 956,87,67,500 from Ministry of Railways
-
Rs 900 crore orderbook: This multibagger IT-software company receives new orders worth Rs 100,00,00,000 from Government of Haryana!
-
Rs 23,988.6 crore order book: This small-cap civil construction company bags a order worth Rs 270 crore; reported impressive profit growth of 300 per cent!
-
High ROE and ROCE multibagger stock: This micro-cap company bags new orders worth Rs 77,55,388 from Swiggy, Shoppers Stop Ltd and Amelior Packaging Pvt Ltd!
-
This real estate large-cap multibagger anticipates Rs 2000 crore revenue; reported a staggering 400 per cent profit growth and more than 538 per cent returns
-
Top 10 Quarterly Superstar Stocks; Don’t miss this!
-
Top 4 Low-priced Micro-cap stocks with more than 1000 per cent profit growth; don’t miss this!
-
Ashish Kacholia Strikes Gold; Secured Stake in company with 700 per cent profit jump, Multibagger stock logged 300 per cent returns
-
Rs 4119,00,00,000 project: This commercial port company receives huge-order from Government of Karnataka!
-
This Railway company reported 1100 per cent profit growth; Multibagger stock jumped more than 7000 per cent in 3 years, don’t miss this one!
-
Ashish Kacholia gains Rs 4,83,00,000 in just 1 day from this multibagger stock with Rs 604 crore order book; Company bags new order worth Rs 66.38 crore!
-
This Airfreight and Logistics Penny stock reports 30 per cent profit growth; Maintains healthy dividend payout of 183 per cent
-
IPO Riding High on Success: Achieves 100 per cent profit growth, declares Interim Dividend but Director Resigns
-
Luxury theme play: Premium auto retailer profits in top gear; check if you own it!
-
Debt-free Micro-cap Company Strikes with 716 per cent profit growth with a Whopping Rs 2,93,13,695 deal