GE Power India signs pacts for refurbishment facility

GE Power India has entered into strategic agreements with Quality Profiles Private Limited to establish a dedicated facility for the refurbishment and repair of large rotating equipment. The agreements, comprising a Leave and License Agreement and a Contract Manufacturing Agreement, were executed on 20 May 2026.

Agreement Details

Under the Leave and License Agreement, GE Power India will grant Quality Profiles the right to use specified land, shed, and related infrastructure at Vadodara. The term of the license is set for 60 months from the date of execution, including a lock-in period of 48 months. The initial 53 weeks, designated for facility setup, will be a license fee-free period.

Financial Commitments

The Contract Manufacturing Agreement outlines specific capital expenditure and revenue commitments. GE Power India will invest ₹18 crores in civil infrastructure and plant and equipment, while Quality Profiles will invest ₹25 crores in machinery procurement and installation.

Particulars	Details
GEPIL Capital Expenditure	₹18 crores
QPPL Capital Expenditure	₹25 crores
Minimum Annual Commitment	₹10 crores
Annual Increase	7%

Operational Scope

Quality Profiles will manufacture products solely and exclusively for GE Power India based on purchase orders. The scope of work includes the refurbishment and restoration of steam turbine and generator components such as rotors, stators, valve chests, and bearings. The entity reported a turnover of ₹36.2 crore for the period ending 31 March 2025, whereas GE Power India reported a turnover of ₹1269.27 crore for the year ending 31 March 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE878A01011/2604ce2235624647.pdf

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.92%	-0.12%	+48.75%	+108.00%	+197.94%	+174.36%

GE Power India Limited has informed the stock exchanges of an update to the contact details of its Key Managerial Personnel (KMP) authorized to determine the materiality of events or information, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The change is effective from 14 May 2026 and has been communicated to both the National Stock Exchange of India Ltd. and BSE Ltd.

Regulatory Compliance Under SEBI Regulation 30

The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the company's Policy for Determination of Materiality of Event or Information. The updated details cover the KMP authorized for determining materiality of events or information and for making disclosures to stock exchanges under the aforementioned Regulations.

Updated KMP Contact Details

The following table presents the updated contact details of the authorized KMP, effective 14 May 2026:

Parameter:	Details
Name:	Mr. Puneet Bhatla
Designation:	Managing Director
Address:	Axis House, Plot No. 1-14, Towers 5 & 6, Jaypee Wish Town, Sector 128, Noida, Uttar Pradesh – 201301
Contact Number:	0120-5011011
Email ID:	in.investor-relations@gevernova.com

Company Details

GE Power India Limited operates with its Corporate Office at Axis House, Plot No I-14, Towers 5 & 6, Jaypee Wish Town, Sector 128, Noida, Uttar Pradesh – 201304, and its Registered Office at Regus Magnum Business Centers, 11th floor, Platina, Block G, Plot C-59, BKC, Bandra (E), Mumbai, Maharashtra – 400051. The company's CIN is L74140MH1992PLC068379. This filing was signed by Mr. Puneet Bhatla, Managing Director (DIN: 09536236), on behalf of GE Power India Limited.