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Small Cap Electrical Stock Surged 11.04% After Company Bagged Rs 444 Crore Order From GSEC
GE Power India Ltd. shares rose 11.04% on the BSE to a 52-week high of Rs 183.90 after the company received a Letter of Intent (LoI) from Gujarat State Electricity Corporation (GSTEC) for a contract worth Rs 444 crore.
The contract includes FGD (Fuel Gas Desulfurization) system design, engineering, manufacturing, supply, shop testing, packing and forwarding, installation, commissioning, and PG testing. The order will be carried out within 30 months after the letter of intent's date, or by January 2026.
| a) | Name of the entity awarding the order(s) / contract(s) | Gujarat State Electricity Corporation limited |
| b) | Significant terms and conditions of order(s)/contract(s) awarded in brief | Design, Engineering, manufacture, Supply, Shop Testing, Packing & forwarding, installation, commissioning & PG Testing of FGD System as per Letter of Intent |
| c) | Whether order(s) / contract(s) have been awarded by domestic/ International entity | Domestic entity |
| d) | Nature of order(s)/ contract(s) | on Engineering Procurement & Construction basis (EPC) |
| e) | Whether domestic or International | Domestic |
| f) | Time period by which the order(s)/contract(s) is to be executed | 30 months from date of LOI i.e. by January 2026 |
| g) | Broad consideration or size of the order(s)/contract(s) | Basic value as Rs. 4,440 million plus GST (@ 18%) |
| h) | Whether the promoter/promoter Group/group companies have any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof | No |
| i) | Whether the order(s)/contact(s) would fall within related party transactions? If yes, the same is done at "arm' length" | No |
Source- BSE
The shares last traded at Rs 178 apiece after 11.04% jump compared to the previous close. It hit an intraday high at Rs 183.90 and an intraday low at Rs 167 on BSE, respectively. It jumped 11.88% in 1 week, 10.63% in 2 week, and 13.27% in 1 month, respectively. It gained 36.24% in 3 months and 40.38% in 6 months. It gained 31.27% in 1 year. It has fallen 63.25% in 3 years and 78.35% in 5 years, respectively.
GE Power India Ltd. is a small-cap electrical firm that provides products and solutions for infrastructure through engineering, manufacturing, project management, and supply. Its operations cover a broad spectrum of tasks, such as engineering, purchasing, production, building, and servicing. of power sources and machinery. It has engineering centres in Noida, Kolkata, and Durgapur, as well as a manufacturing facility for boilers.
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