Rs 3,382 crore order book: This Heavy Electrical Equipment company bags new orders worth Rs 4,440 million!

Shares of the company have gained more than 40 per cent in the last six months.

Ge Power India Limited informed in the exchange filing that the company had received an order worth Rs 4,440 million. The order is from Gujarat State Electricity Corporation Limited for design, engineering, manufacture, supply, shop testing, packing & forwarding, installation commissioning & PG testing of the FGD System as per the letter of intent. The order is to be delivered by January 2026.

In the recent quarter Q1FY24, the revenue of the company stood at Rs 423.57 crore which grew by 13.72 per cent YoY. The operating profit of the company stood at a loss of Rs 115.38 crore, while the PAT of the company stood at a loss of Rs 136.32 crore. The company has an order book of Rs 3,382 crore.

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.

On Friday, the stock opened at Rs 162.25, with a high and low of Rs 165.85 and Rs 158.70. The stock closed trading at Rs 159.40, down by 3.80 per cent.

In the last one year, the shares of the company have given more than 12 per cent returns and in the last six months, the stock gained about 40 per cent returns. Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.