GE Power India Share Price Surges on Receiving Notice of Award for Shoaiba Fuel Conversion Project

GE Power India Limited has secured an international project in Saudi Arabia with a cumulative value of approximately ₹550 crore, as per the exchange filings. The order relates to the Shoaiba Fuel Conversion Project and covers both supply and technical field advisory services. 

The Notice of Award has been issued by Dar Al Balad for Contracting and Operations Company Ltd., Saudi Arabia, with the project scheduled for execution over approximately 2.5 years. 

Boiler Modification Work Forms Core Scope 

The assignment involves the supply of equipment and technical field advisory services associated with boiler modifications required for fuel conversion. 

GE Power India has received two separate Notices of Award, covering the supply and service components of the project. 

Saudi Project to Run for 2.5 Years 

The Shoaiba project is located in Saudi Arabia, with the total order value estimated at around ₹550 crore. 

The contract is an international order, while the company has stated that its promoter and promoter group have no interest in the entity awarding the project. 

Project Adds International Order 

The Saudi Arabian contract adds an approximately ₹550 crore project to GE Power India's order portfolio, covering boiler modification-related supply and technical field advisory work under the Shoaiba Fuel Conversion Project. 

Read More: Lenskart Solutions Share Price Gains After Q1 FY27 Earnings Results: Total Income Up 43% YoY! 

GE Power India Share Price Performance  

As of 13 August 2026, at 11:58 AM, GE Power India Limited share price was trading at ₹801.50 per share, reflecting a surge of 0.94% from the previous trading session. 

Conclusion 

GE Power India has received an approximately ₹550 crore international order for Saudi Arabia's Shoaiba Fuel Conversion Project, comprising supply and technical field advisory services for boiler modifications, with an estimated execution period of 2.5 years. 

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