GE Power Shares Rose by 7.4% After Receiving Order Extension From MP Power

GE Power India saw a significant rise in its stock price, gaining 7.4% during trade. The share price hit an intraday high of ₹456.7 per share on the Bombay Stock Exchange (BSE). This increase followed the news that the company had received an extension of a purchase order. At around 10:00 AM, GE Power India share price was up by 3.83%, trading at ₹441.5 per share on the BSE.

The stock’s 52-week high was recorded at ₹646.55 per share, while the 52-week low was ₹215.9 per share, reflecting the volatility in its recent stock performance.

Purchase Order Extension from MP Power 

The surge in GE Power India’s stock price was triggered by the announcement of an extension of a purchase order from MP Power Generating Co. Ltd. The order is valued at Rs 18.27 crore. The extension relates to the supply of boiler parts for the Sanjay Gandhi Power Station, with a project completion deadline of 3.5 months.

GE Power India announced that the extension of the order was in continuation of a previous purchase order received on October 1, 2024, from MP Power Generating Co. Ltd. The order extension amounts to ₹182.7 million (excluding 18% GST).

About GE Power India Limited

GE Power India, a subsidiary of GE Steam Power International BV, specialises in the engineering, procurement, manufacturing, construction, and servicing of power plants and equipment throughout India. The company plays a critical role in the energy sector, providing solutions for power generation across the country.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.