Rs 3,699 crore order book: This multibagger heavy electrical equipment company bags new orders worth Rs 32,45,00,000 from NTPC Ltd & Maithon Power Ltd!
The stock gave multibagger returns of 170 per cent from its 52-week low of Rs 97.45 per share
GE Power India Limited informed that the company has received 2 orders worth Rs 32,45,00,000 from NTPC Ltd and Maithon Power Ltd. Here are the details:
Order No. – 1: The company bagged an order from NTPC Limited for the supply of spares and repair of the HP inner casing module. The order will be completed with 10.5 months and the base value of the order is Rs 10.3 crore plus (GST 18 per cent). Hence the total order including GST is Rs 12,15,40,000.
Order No. – 2: The company bagged another order for the design, engineering, manufacture, shop fabrication, assembly, shop testing, type testing at the manufacturer’s works, inspection, packing, supply, loading, transportation to site, unloading, proper preservation, storage & handling at the site, erection/ installation, construction, site testing, commissioning, performance testing at site of NOx emission abatement system (combustion modification) for 2 x 525 MW units from Maithon Power Limited. The period by which the order is to be executed is 22 months. The base value of the order is Rs 22.15 crore plus (GST 18 per cent). Hence the total order including GST is Rs 26,13,70,000.
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. The company has a market cap of over Rs 1,700 crore and as of September 30, 2023, the company’s order book stands at Rs 3,699 crore.
Today, shares of GE Power India Ltd gained 0.32 per cent to Rs 263.30 per share with an intraday high of Rs 265.80 and an intraday low of Rs 257.05. The stock’s 52-week is 286.45 and its 52-week low is Rs 97.45. The stock gave multibagger returns of 170 per cent from its 52-week low of Rs 97.45 per share and investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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