Rs 3,400 Crore Order Book: Multibagger Power Generation Company Bags Orders Worth Rs 47,27,00,000 From Steag Energy Services!
The company's shares have delivered a multibagger return of over 140 per cent in just 1 year.
GE Power India Limited is engaged in the 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.
On Tuesday, the company received a purchase order worth Rs 47.27 crores (excluding 18 per cent GST) from Steag Energy Services (India) Private Limited. The order pertains to the R&M of 4x600 MW boilers at Jharsuguda. The contract is to be executed within 6.5 months.
The company's stock closed at around Rs 450 per share on Tuesday's trading session, with a market capitalization of Rs 3025.24 crore. Additionally, the stock has delivered a multibagger return of over 140 per cent in the past 1 year.
As per the Quarterly Results in Q1 FY25 GE Power India Limited reported revenue of Rs 430.44 crore, representing a year-on-year growth of 1.53 per cent from Rs 423.57 crore same quarter last year. The company posted an operating loss of Rs 29.50 crore, compared to a loss of Rs 132.09 crore in the same period. The company’s net loss stood at Rs 9.53 crore in the Q1 FY25 versus a loss of Rs 135.79 crore.
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According to the latest update, the promoters' stake stood at 68.58 per cent while FIIs held 0.39 per cent which increased from 0.25 per cent. DIIs stake stood at around 2.99 per cent as per the recent update.
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Disclaimer: The article is for informational purposes only and not investment advice.