Shares of GE Power India increased 7% during the trading session on Monday, 16 December, after the company announced receiving an extension of a purchase order for Rs 18.27 crore from MP Power Generating Co. Ltd.

In its regulatory filing, the company said, “In furtherance to the receipt of a purchase order from MP Power Generating Co. Ltd. intimated on 1 October, 2024, we would like to notify you that GE Power India Limited has received an extension of a purchase order for an amount of INR 182.7 million (excluding 18 per cent GST).”

The order extension is for the supply of boiler parts to Sanjay Gandhi Power Station, and the project must be completed in 3.5 months.

It should be noted that on 1 October 2024, GE Power received an order for boiler parts from MP Power Generating Co. Ltd., which resulted in an extension.
 
GE Power India Limited, a subsidiary of GE Steam Power International BV, specializes in the engineering, procurement, manufacturing, construction, and maintenance of power plants and equipment in India. 

The company offers a wide range of products and services, including boilers, mills, automation, control solutions, air quality management systems, and steam generators. GE Power India provides engineering, procurement, and construction services from its manufacturing facilities in Noida, Uttar Pradesh, and Durgapur, West Bengal, to support both domestic and foreign gas projects. 

At 1:28 pm, the shares of GE Power were trading 3.46% higher at Rs 440 on NSE.

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