GE Power India Secures Order of Rs. 440 Crore
GE Power India, a leading player in the power industry, has clinched a substantial contract worth INR 440 crore from Gujarat State Electricity Corporation Ltd. The announcement was made through an official regulatory filing by GE Power India Limited.
The contract encompasses a comprehensive scope of work, including design, engineering, manufacturing, supply, packaging, forwarding, installation, commissioning, and PG testing of the FGD (flue gas desulfurization) System.
The Letter of Intent received by GE Power India Limited indicates that the project is set to be executed within the next 30 months, with a target completion date of January 2026.
About GE Power India:
GE Power India Ltd., established in 1992, is a mid-cap company operating in the power sector. As of the latest data available, it has a market capitalization of Rs 1,076.65 Crore. The key sources of revenue for GE Power India Ltd. are income from engineering construction contracts, sales of services, and revenue generated from the sale of scrap for the fiscal year ending on March 31, 2022.
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