Rs 3,400 crore order book: Multibagger power company bags order worth Rs 12,07,26,677 from NTPC & Maharashtra State Power Generation Company!

The company's shares have delivered an impressive return of over 160 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 secured a new project from NTPC and Maharashtra State Power Generation Company Limited for the Servicing of the Generator and Supply of Reheater rear pendent coils assembly for Unit 3&4 Khaperkheda TPS.  The total value of both contracts is around Rs 12,07,26,677.

Share Performance and Financial Performance of GE Power Limited

On Friday, the company's stock closed at around Rs 414.30 per share, with a market capitalization of Rs 2785.23 crore. Additionally, the stock has delivered a multibagger return of around 165 per cent in the past 1 year.

As per the Quarterly Results in Q4 FY24 GE Power 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.

Shareholding Pattern of GE Power Limited

In March 2024, the promoters' stake stood at 68.58 per cent while FIIs held 0.25 per cent which increased from 0.11 per cent. DIIs stake stood at around 3.50 per cent as per the recent update.

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