Small-cap power generation equipment manufacturer secures orders from NTPC; This company manages 50 per cent of India's power flow with its equipment and software

The company's shares have generated an impressive multibagger return of over 160 per cent in the past one year.

GE Power India Limited has received purchase orders from NTPC-SAIL Power Company Limited and NTPC Limited. The order entails the supply of turbine spares for Durgapur PP2 and the inspection of the steam turbine for NTPC Tanda Stage-II, respectively. The contract is to be fulfilled within 12 months and 30 days respectively. The order sizes for these orders are Rs 11,98,82,526 excluding GST.

Following the announcement of the order, shares of this Small-Cap company rallied around 3% today, reaching intraday highs of Rs 352.70 per share on the BSE. GE Power India's shares commenced trading at Rs 347 per share, an increase compared to Tuesday's closing figure of Rs 343.05 per share. Throughout the intraday trading session, the stock fluctuated between highs and lows of Rs 352.70 and Rs 342.30, respectively. Finally, the stock closed at Rs 346 per share on the BSE.

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Last month, GE Power India Limited received a purchase order from Mangalore Refinery and Petrochemicals Limited for the supply of spares for STG at Mangalore Refinery and Petrochemicals Limited. The order amounts to 10.1 crore excluding GST.

The market capitalisation of the company stands at Rs 2321 crore. Additionally, the stock has delivered an impressive multibagger return of around 164 per cent in the past year.

GE Power India is engaged in the business of engineering, procurement, and construction (EPC) of critical equipment for both thermal and hydropower plants. As a prominent entity in the Indian power generation equipment market, it holds a significant position among industry leaders. Investors must keep this stock on their radar. The company has not yet released its Quarterly Results so far.

Investors must keep this stock on their radar.