L&T Eyes $50-$60 Billion Projects by FY25, Plans Major O2C Investments
GE T&D India Share Price Surge on €90 Million Order Win
Last Updated: 4th July 2024 - 10:57 am
On July 4, GE T&D India's share price soared to a 52-week peak of ₹1,723.55, reaching the 5% upper circuit in early trading after the announcement of two major orders. On the BSE, GE T&D India share price was trading at ₹1,723.55, up ₹82.05.
The company landed an order valued at 64 million euros from Grid Solutions SAS in France for the supply and oversight of high-voltage products. This project is scheduled for completion over the next two years. Additionally, GE T&D India secured another order from GRID SOLUTIONS Middle East FZE in Dubai, worth 26 million euros, for similar high-voltage products, with execution also expected within two years.
The annual general meeting of the company will be held on September 4, 2024.
The company had reported a net profit of ₹66.29 crore in the quarter ended March 2024 as against net loss of ₹15.35 crore during the previous quarter ended March 2023. Sales rose 29.95% to ₹913.60 crore in Q4 FY24 over Q4 FY23.
GE T&D India Ltd (GE T&D India), a subsidiary of General Electric Co, specializes in power transmission infrastructure. The company provides turnkey solutions for power transmission, high voltage direct current (HVDC), flexible alternating current transmission systems (FACTS), and network management systems.
The company's product portfolio comprises power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation, protection relays, and power system automation equipment.
Additionally, it offers digital solutions such as energy management, automation, protection, and asset management. GE T&D India has manufacturing units and sales offices throughout India, serving utility, industry, and infrastructure markets. The company is headquartered in New Delhi, India.
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Tanushree Jaiswal
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