Others | Electrical Equipment
Nov 7, 2018
GE Power India Ltd
GE power is a leading energy player in India with strong capabilities in
engineering, manufacturing, project management and supply of products and
Market Cap (` cr)
solutions for power generation and transmission infrastructure requirements.
52 Week High / Low
The company’s performance in the past has been volatile and its 10 year sales
Avg. Daily Volume
CAGR is just at 5.2%. Profits also has been volatile with profits in some years
Face Value (`)
while reporting losses for other years. But going forward, the company sees room
for improvement. The company is awarded
309cr worth contract by NTPC to
install Fuel Gas Desulphurization system at Phase-I (2X800 MW) of Super
Thermal Power Project in Telangana. This is the first standalone FGD order for
GE in the country since the notification of new emission norms for thermal power
plants by the Ministry of Environment, Forests & Climate Change (MoEF & CC) in
December 2015. With this new award, GE will further strengthen its position in
the FGD market. This builds on GE’s previous standalone FGD project in India
Shareholding Pattern (%)
for NTPC’s Phase V, Unit- XIII (1 X 500 MW) Vindyachal Thermal Power Plant. In
addition, GE is also executing Turbine Island package for Telangana Phase-I
MF / Banks / Indian Fls
(2X800 MW) STPP. Looking at the strong pipeline we expect GE power’s
FII / NRIs / OCBs
operations to improve. Hence Buy.
Indian Public / Others
022 - 3935 7600 Ext: 6810
Please refer to important disclosures at the end of this report
GE Power India| Electrical Equipment
Research Team Tel: 022 - 39357600
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Ratings (Based on expected returns
Buy (> 15%)
Accumulate (5% to 15%)
Neutral (-5 to 5%)
over 12 months investment period):
Reduce (-5% to -15%)
Sell (< -15)