Shares of GE Power India rose 2.78% to ₹257.30 on Wednesday after the company announced it secured a purchase order worth ₹382 million (excluding GST) from NTPC Limited. The order involves the supply of generator parts for NTPC’s Talcher site and is expected to be executed over a 40-month period, according to the company’s filing with stock exchanges.
As of 10:20 AM, the stock was trading up ₹6.96 from the previous close of ₹250.34. The stock moved in the range of ₹251 to ₹260.07 during early trading hours. The company’s market capitalization stood at ₹17,230 crore.
This is a domestic order and does not involve any related party transactions. There is also no promoter group interest in the awarding entity, as clarified by the company.
The development comes as a positive trigger for the stock amid its 52-week range of ₹220.05 to ₹646.00, highlighting a strong rebound potential.
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