GE Power India Secures INR 25 Crore Order from Vedanta for NOX Reduction

13 Sep 2023 , 10:17 AM

GE Power India has secured a purchase order from Vedanta to implement NOX reduction measures at the Lanjigarh Combined Gas Power Plant (CGPP) unit. The order is valued at INR 25 Crores, excluding 18% GST, and pertains to the 90 MW (3 x 30 MW) unit.

GE Power India is a prominent manufacturer of power generation and transmission equipment. The company’s diverse business divisions encompass boilers, mills, air quality control systems, services, and automation and control. Additionally, they specialize in various forms of power generation, including steam, hydro, and gas power.

Following the announcement of this order, GE Power India’s stock price surged by 7% during early trading on September 13.

As of 10.19 am, GE Power India was trading at Rs 179.50 on the NSE, reflecting a gain of 5.99%.

The stock achieved a 52-week high of Rs 198.00 on August 7, 2023, and reached a 52-week low of Rs 97.45 on March 28, 2023.