Wednesday, 4 July 2018

GE Power stock rises after order win

The company will supply pressure parts equipment for the Patratu project at an order value of approximately Rs341.5cr and to Udangudi thermal power projects at a value of approximately Rs126.4cr. Shares of GE Power India rose 1% as the company received an order worth Rs468cr from BHEL (Bharat Heavy Electricals). The company has been awarded twin boiler equipment orders by BHEL for supercritical thermal power projects in Patratu and Udangudi worth ~Rs468cr exclusive of taxes. The company will supply pressure parts equipment for the Patratu project at an order value of ~Rs341.5cr and to Udangudi thermal power projects at a value of ~Rs126.4cr.


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