GE Power shares rise as company bags supply order from NTPC Ltd
The significant order includes a purchase order of Generator parts for Talcher, and the Nature of the order is to supply parts of the Generator. The time period needed to execute the order is 40 months.
Power Stock, GE Power shares surged over 3.8% at Rs 260.02 as the company has announced in an exchange filing that it has secured a significant contract from state-run firm, NTPC Ltd for the supply of Generators parts at worth Rs 382 million.
According to the exchange filing made, we would like to notify that GE Power India Limited has received a purchase order for an amount of INR 382 million (excluding 18% GST) from NTPC Limited.
The significant order includes a purchase order of Generator parts for Talcher, and the Nature of the order is to supply parts of the Generator. The time period needed to execute the order is 40 months.
The stock has been corrected over 12% in the past one month with market capitalization of Rs 1.75K crore. The scrip was opened at Rs 251.50 at NSE.
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