GE Power lights up

GE Power is very much in the limelight today. The stock opened with a gain of over 4.5% and went on to hit an intra day high at Rs.930.40, rising over 5%. The day’s high is not too far from its 52-week high of Rs.933.

The market is happy with the news that the company has received an order worth Rs.738 crore from Aravali Power Company Pvts Ltd, a JV between NTPC, Haryana Power Generation Company and Indraprastha Power Generation Company.

The order is for Design, Engineering, Civil Work, Supply, Erection and Commissioning of Wet FGD systems along with auxiliaries like Limestone and Gypsum Handling System and Wet Stack on full turnkey basis.