GE Power shares down nearly 12% on wider June quarter net losses

GE Power India: The company has received an order from Steag Energy Services India, for renovation & modernization of Unit -3 boiler of 4X600 MW thermal power plant of Vedanta at Jharsuguda in Odisha. The order will be executed within 10 months.

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26 Aug, 2025 12:21

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The share price of GE Power India took a nearly 12 percent beating early on August 14 after the company's net loss widened to Rs 135.8 crore in the quarter ended June 2023 from Rs 59 crore last fiscal. Revenue was down 13.7 percent to Rs 423.6 crore from Rs 490.9 crore.

At 9:23am, GE Power India was quoting at Rs 164.05, down Rs 21.90, or 11.78 percent, on the BSE.

The company has received an order from Steag Energy Services India Private Limited for renovation and modernisation of 3 boiler of 4X600 MW thermal power plant of Vedanta Limited (End Customer) at Jharsuguda, Odisha.

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Earlier in August, it received a Letter of Intent from the Gujarat State Electricity Corporation for a Rs 440-crore project to design, engineer, manufacture, supply, pack and forward, install, commission and carry out PG testing of FGD (flue gas desulfurization) system.

The company provides power generation equipment and service solutions.