GE Power in the green

GE Power is just about in the green currently; up 1% at Rs.769 but in the morning session, the stock price rose over 2% at Rs.777.80.

The company announced yesterday after market hours that it has won an order from Bharat Heavy Electricals Limited (BHEL). This is for a supercritical thermal power projects in Patratu and Udangudi worth approximately Rs.468 crore.

BHEL is executing Engineering, Procurement and Construction (EPC) contract for a Phase-I expansion of Patratu Vidyut Utpadan Nigam Limited's (PVUNL) 2.400-MW (800 MW X3) Supercritical Thermal Power Station at Patratu and for the first stage of a proposed 1,320-MW Supercritical Thermal Power Plant at Udangudi by Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).

As part of the order, the company will supply pressure parts equipment for the Patratu project at an order value of approximately Rs.341.50 crore and to Udangudi thermal power projects at a value of approximately Rs.126 crore for onshore supply.