GE Power India has received a letter of intent from NTPC GE Power Services (NGSL) for renovation and modernization of LMZ Steam Turbines of Wanakbori TPS Unit No. 1 (210 MW) & Unit No. 2 (210 MW) for Heat Rate (Efficiency) improvement & life extension. The value of the contract is Rs 243.46 crore. NGSL is Joint Venture Company of GE Power India (GEPIL) and NTPC NGSL participated in this Bid as Lead Bidder and GEPIL participated as JV/ consortium Partner. GEPIL shall be responsible for all the critical supplies including design & engineering, testing and commissioning of system. Powered by Capital Market - Live News

The Board of GE Power India at its meeting held on 03 June 2024 has noted the resignation of Yogesh Gupta from the position of Whole-Time Director and Chief Financial Officer with effect from close of business hours of 23 July 2024. The Board has also appointed . Aashish Ghai (DIN no. 07276636) as Additional Director & Whole Time Director with effect from 22 July 2024 for a term of three years. Powered by Capital Market - Live News

GE Power India announced that the 32th Annual General Meeting(AGM) of the company will be held on 23 July 2024.Powered by Capital Market - Live News

Net profit of GE Power India reported to Rs 25.94 crore in the quarter ended March 2024 as against net loss of Rs 129.70 crore during the previous quarter ended March 2023. Sales rose 13.43% to Rs 390.76 crore in the quarter ended March 2024 as against Rs 344.48 crore during the previous quarter ended March 2023.For the full year,net loss reported to Rs 171.33 crore in the year ended March 2024 as against net loss of Rs 440.58 crore during the previous year ended March 2023. Sales declined 9.52% to Rs 1624.76 crore in the year ended March 2024 as against Rs 1795.81 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales390.76344.48 13 1624.761795.81 -10 OPM %-9.11-34.60 --14.22-18.29 - PBDT31.06-120.23 LP -151.19-298.05 49 PBT25.94-125.95 LP -171.33-320.58 47 NP25.94-129.70 LP -171.33-440.58 61 Powered by Capital Market - Live News

GE Power India will hold a meeting of the Board of Directors of the Company on 22 May 2024Powered by Capital Market - Live News