GE Power India Secures ₹382 Million Contract from NTPC

GE Power India Limited has successfully secured a significant purchase order worth ₹382 million (excluding 18% GST) from NTPC Limited. This development was disclosed in compliance with SEBI’s regulations, reinforcing the company’s strong presence in India’s power sector. The contract highlights GE Power India’s ongoing commitment to providing advanced energy solutions to major domestic clients.

Strategic Partnership with NTPC

NTPC Limited, India’s leading power generation company, has awarded this contract to GE Power India for the supply of generator parts for the Talcher site. The project, which falls under a domestic entity, is set to be executed over a period of 40 months. The deal further strengthens GE Power India’s long-standing relationship with NTPC and underscores its expertise in power equipment manufacturing.

Contract Details and Compliance

The awarded contract is a purchase order strictly within SEBI’s regulatory framework. It does not involve any related party transactions, and the promoter group of GE Power India holds no vested interest in NTPC. The company confirmed its adherence to transparency and corporate governance norms, ensuring compliance with SEBI guidelines dated 11 November 2024 and 25 February 2025.

GE Power Share Performance 

As of April 03, 2025, at 9:30 AM, GE Power share price was trading at ₹257.06, reflecting a surge of 2.68% from its previous closing price. Over the past month, it has surged by 10.72%.

Conclusion

The ₹382 million contract marks another milestone for GE Power India, reaffirming its role in India’s power infrastructure development. The collaboration with NTPC is expected to enhance efficiency at the Talcher site, reflecting GE’s technical prowess and reliability in the energy sector.

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