GE Power India is currently trading at Rs. 500.00, up by 3.80 points or 0.77% from its previous closing of Rs. 496.20 on the BSE.
The scrip opened at Rs. 502.95 and has touched a high and low of Rs. 512.30 and Rs. 495.95 respectively. So far 1168 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 858.20 on 16-Jul-2019 and a 52 week low of Rs. 362.95 on 20-May-2020.
Last one week high and low of the scrip stood at Rs. 538.80 and Rs. 494.65 respectively. The current market cap of the company is Rs. 3380.53 crore.
The promoters holding in the company stood at 68.58%, while Institutions and Non-Institutions held 18.75% and 12.68% respectively.
GE Power India has bagged multiple orders worth Rs 850.69 crore (USD 112.57 million) to implement air quality control systems technology in India. The company will supply these air quality control systems (AQCS) solutions to NTPC, Hindalco Industries and UP Rajya Vidyut Utpadan Nigam.
The company will supply the AQCS to Hindalco Industries for their Aditya Aluminium Plant Lapanga in Sambalpur, Odisha. The project is expected to be commissioned by 2021. This technology will give a number of benefits as it facilitates sulfur dioxide (SO2) removal with lower water consumption, smaller footprint, utilization of existing stack, lesser lifecycle cost and lesser implementation time.
It will also supply ACQS to the NTPC for its Feroze Gandhi Unchahar Thermal Power Project Stage-I, II & III in Rae Bareli, Uttar Pradesh. This order is expected to be completed by February 2023. Another order is to supply ACQS to UP Rajya Vidyut Utpadan Nigam (UPRVUNL) which will be setting up a combustion system modification of the boilers along with advanced firing system equipment to meet the nitrogen oxide (NOx) emission norms for their Harduaganj, Parichha and Anpara plants.
GE Power India is engaged in the engineering, procurement, manufacturing, construction and servicing of power plants and power equipment.
