GE T&D India Hits 52-Week High on 74M GBP Order from UK Grid Solutions

29 Dec 2023 , 11:02 AM

GE T&D India shares achieved a 52-week high of Rs 503.35 in the opening trade on December 29, propelled by a new order from UK Grid Solutions Limited. At the time of writing, the stock was trading at Rs 499, reflecting 4.28 % on the BSE.

The company secured an order valued at 74 million GBP for the supply and manufacturing of HVDC converter transformers.

Both GE T&D India and UK Grid Solutions Limited are entities within the GE Group, and this transaction, categorized as a related party transaction, received shareholder approval during the Annual General Meeting on August 21, 2023.

Over the past 6 months, the share price has surged by an impressive 121 %.

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