GE Power India rose 2.45% to Rs 842.30 at 12:05 IST on BSE after the company announced that its consortium has been awarded hydro power plant project in Sarawak, Malaysia.
GE Power India on Wednesday said its standalone net profit fell around 20 per cent to Rs 5.25 crore in the quarter ended September 30 due to higher expenses, including borrowing cost.
GE Power India has been awarded four contracts by NTPC for installation of air quality control systems for a combined value of INR 1,783 crore (USD 247 million). This includes the supply and installation of Wet Flue Gas Desulphurization
GE Power India after a steep correction has witnessed a breakout from its falling wedge pattern on the daily timeline.
The Exchange has sought clarification from GE Power India Ltd with respect to news article appearing on economictimes.indiatimes.com – August 21, 2018 titled “GE Power bags Rs. 220-crore order for HPCLs Vizag refinery”.
GE Power India today said it has bagged a Rs 230 crore order for upgrading three 660MW super critical steam generators at Barh Stage-I project of state-run power giant NTPC.
With efficiency norms for coal-based power plants being pressed upon, power generators may see little incentive in adopting efficiency measures under the current tariff structure.