GE Power Share Price | Shares of GE Power India, a power generation and construction company, are witnessing strong buying. Shares of this company were trading with an increase of as much as 8 percent in the trading session on Wednesday. Strong buying is seen in the shares of this company even today.
The shares of this company are seeing a boom due to receiving a new order. GE Power India Company’s shares rose 7.90 percent to Rs 182.90 on news of the order. The market capitalization of this company is Rs 1,200 crore. Today Thursday September 14, 2023 shares of GE Power India Company are trading at Rs 177.30 with an increase of 1.52 percent.
Order details
GE Power India Limited has received an order worth Rs 25 crore. The order has been awarded to the company by Vedanta’s Lanjigarh CGPP unit. The capacity of this project is going to be 90 MW. A period of 14 months has been given to fulfill the order. Shares of GE Power India Company touched a 52-week high price level of Rs.198. While the 52-week low price was Rs.97.45.
Financial performance of the company
GE Power India Ltd had posted a net loss of Rs 135.79 crore in the June quarter of the current financial year 2023-24. In the June quarter last year, the company suffered a net loss of Rs 59.2 crore. In the current financial year, GE Power India Company had collected a revenue of Rs 440.28 crore. In the same quarter last year, the company had collected a revenue of Rs 520.01 crore. GE Power India Company mainly engages in business related to engineering, procurement, construction and servicing of power plants.
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