GE Power India Ltd (GEPIL), yesterday won three orders worth Rs.125 crore to service projects of Vedanta, Tata Power and JSW Steel.
Vedanta’s order is for complete replacement of economizer zone tube bank for 2 units of 600MW Chinese-make boilers for end customer Vedanta’s Jharsuguda power plant in Odisha.
Tata Power’s order is for a combustion modification system for its boilers which will help reduce NOx emissions to well below 450 mg/Nm3, helping it conform to emission norms laid by the Central Pollution Control Board.
JSW Steel’s order is for upgrading its existing Indian-make coal mills at its Bellary plant in Karnataka.
GEPL is currently servicing more than 650 other OEM units and 170 other OEM Chinese units across the India region.
The stock price is in the green, opening at Rs.323 and rising to its intraday high at Rs.326. Volumes are muted. Its 20% UC is at Rs.382.