GE Power India Ltd experienced a 2% surge in early trade today following the company’s announcement of securing a Rs 10.47-crore order from NTPC Ltd. The intraday performance saw GE Power India stock reaching a high of Rs 232.30, marking a 3.82% increase from the previous close of Rs 223.75 on the BSE. Opening higher at Rs 229.75 on the BSE, the stock witnessed 0.19 lakh shares changing hands, resulting in a turnover of Rs 44.46 crore.
The order pertains to the procurement of spares for conducting a class-B inspection of Unit 1 GE to enhance a 660-MW generator at NTPC Solapur. The company has committed to executing the order within a timeframe of 40 weeks.
In addition to the NTPC order, Bokaro Power Supply Company (BPSCL) has also granted an order exceeding Rs 9.91 crore to GE Power India for the supply of spares for a turbine generator. This particular order is slated for completion within one year.
As of 1:08 pm, GE Power India shares were trading 0.98% higher at ₹226.10.
