GE Power India Ltd receives LOI for order worth Rs. 243.46 crores

GE Power India Limited has received a letter of intent from NTPC GE Power Services Pvt. Limited for renovation and modernization of LMZ Steam Turbines of Wanakbori TPS Unit No. 1 (210 MW) & Unit No. 2 (210 MW) for Heat Rate (Efficiency) improvement & life extension.

The order base price is INR 2,434,636,179/- (Plus GST 18%) (Rupees two hundred and forty-three crore forty-six lakh and thirty-six thousand one hundred and seventy-nine)

NGSL is Joint Venture Company of GE Power India Limited ('GEPIL') and NTPC Limited. NGSL participated in this Bid as Lead Bidder and GEPIL participated as JV / consortium Partner. GEPIL shall be responsible for all the critical supplies including design & engineering, testing and commissioning of system.

Shares of GE Power India Limited was last trading in BSE at Rs. 407.15 as compared to the previous close of Rs. 393.10. The total number of shares traded during the day was 137702 in over 4723 trades.

The stock hit an intraday high of Rs. 430.00 and intraday low of 401.25. The net turnover during the day was Rs. 56461806.00.

Source : Equity Bulls

Keywords

GEPowerIndia INE878A01011 OrderWin LOI