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GE Power Bags Contract from BHEL

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Leading power company, GE Power India Ltd has said that the company has been awarded a contract worth approximately INR 2711 million (i.e. approximately US $ 40 million) by Bharat Heavy Electricals Limited (BHEL) to supply components and services for the supercritical steam generator island packages for 2x800 MW coal-based Uppur Thermal Power Project (contract value approximately INR 1626 million) and 1x800MW coal-based North Chennai Supercritical Thermal Power Project Stage-III (contract value approximately INR 1085 million). 

Both the thermal power projects are located in the southern state of Tamil Nadu. This is in line with the government's focus on upgrading the power infrastructure in the country. 

Meanwhile, shares of the company were trading at Rs 479.75 apiece, up 6.17 per cent from the previous close at 09:38 hours on BSE.

GE Power Bags Contract from BHEL GE Power Bags Contract from BHEL Reviewed by Ripples Advisory Private Limited on December 30, 2016 Rating: 5

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