GE Power India Reports Strong Q1 Results with 316 Million Rupees Net Profit
GE Power India Limited (GEPIL) announced a remarkable turnaround in its Q1 financial performance. The company reported a net profit of 316.10 million rupees, compared to a loss of 250.10 million rupees in the same period last year. Revenue grew by 16.37% to 2,867.30 million rupees, while total income increased by 34.39% to 3,398.30 million rupees. EBITDA margin improved to 12.00% from -4.70%. The order backlog rose by 13.06% to 26,353.00 million rupees, indicating a strong project pipeline. GEPIL's Managing Director, Puneet Bhatla, expressed satisfaction with the company's performance, highlighting robust cash collection and successful growth strategy.
29May 25
GE Power India Reports Loss in Q4, Reversing Previous Year's Profit
GE Power India's latest quarterly results show a significant financial downturn. The company reported a loss before tax (LBT) of ₹300 million, compared to a profit of ₹124 million in the same quarter last year. An exceptional item of ₹2,400 million was also reported, although its nature was not specified. This shift from profit to loss indicates potential challenges in the power sector or specific issues faced by the company.
03Apr 25
GE Power India Secures ₹382 Million Order from NTPC for Generator Parts
GE Power India Limited (GEPIL) has won a contract worth ₹382 million from NTPC Limited for supplying generator parts to the Talcher site. The project has a 40-month execution timeframe. This order strengthens the partnership between GEPIL and India's largest power utility, aligning with the country's focus on self-reliance in power generation equipment. The contract value excludes 18% GST and does not involve related party transactions.
02Apr 25
GE Power India Secures ₹382 Crore Order from NTPC for Generator Parts
GE Power India Limited (GEPIL) has received a purchase order worth ₹382 crore from NTPC Limited for supplying generator parts to the Talcher site. The contract, excluding 18% GST, has a 40-month execution timeline. This domestic order strengthens GEPIL's position in the Indian power sector and its relationship with the country's largest power utility.
28Feb 25
GE Power India Expands Contract with Greenko, Adding ₹2.74 Billion to Existing Deal
GE Power India Limited (GEPIL) has expanded its existing contract with GREENKO KA01 IREP Pvt. Ltd. by ₹2.74 billion for the Saundatti Pumped Storage Project in Karnataka. The additional contract covers the engineering, manufacturing, and installation of electromechanical equipment for an extra 320MW unit. This expansion increases the total contract value to ₹11,369 million, with a project completion deadline of November 22, 2027. The order will be processed under the business transfer agreement between GEPIL and GE Vernova Hydro Power India Private Limited.
27Feb 25
GE Power India Secures Additional ₹273.5 Crore Contract for Greenko's Hydro Project
GE Power India Limited (GEPIL) has secured an additional ₹273.5 crore contract from Greenko for the Saundatti Hydro Project in Karnataka. This extension adds one 320MW unit to the existing pumped storage project, bringing the total contract value to ₹1136.9 crore. The project involves engineering, manufacturing, and installation of electromechanical equipment, with a completion deadline of November 22, 2027. This expansion represents a 31.7% increase in the original contract value and strengthens GEPIL's position in India's renewable energy sector.
20Feb 25
GE Power India Secures INR 403.38 Million Order, Strengthening Its Position in the Power Sector
GE Power India Limited (GEPIL) has received a new order worth INR 403.38 million (excluding GST) from NTPC Limited and M.P. Power Generating Co. Ltd. The order includes parts supply for Steam Turbine at Talcher site and Boiler Panel services. This aligns with GEPIL's revised business strategy focusing on growth areas like core services, service upgrades, FGD systems, and Durgapur operations. The order's execution timeframe is 15 months for Steam Turbine parts and 80 days for Boiler services, supporting the company's goal of improving cash flow and reducing working capital cycles.