Upper Circuit: Mid Cap Power Stock Bags 74 Mn GBP Order, Jumps 329% YTD

Mid cap company from the power sector GE T&D India Ltd on December 29 informed via its BSE filing about bagging new order worth approximately 74 miilion GBP from UK Grid Solutions Ltd for supply and manufacturing of HVDC Converter Transformer.

The time by which the order needs to be executed will begin from December 2023 to October 2026. GE T&D India shares surged 329% year-to-date and offered gain of 337% in last 1-year. Check details below:

GE T&D India Stock Performance & Return: Last trading price of GE T&D India share on BSE is Rs 503.35 per share on BSE with intraday gain of 5.00%. The stock's 52-week high price is Rs 503.35 per share and 52-week low price is Rs 98.90 per share, respectively. GE T&D India has a market capitalisation of Rs 12,888.10 crore. GE T&D India shares surged 128% in last 6-months, gained 293% in last 2-years, and offered return of 333% in last 3-years. In last 5-years, GE T&D India stock offered return of 71%.

GE T&D India Financials: The company for the quarter ended September 30, 2023 declared a multi-fold surge in its net profit to Rs 37.17 crore, according to its BSE filing. It announced its net profit at Rs 2.76 crore in the corresponding quarter of last year, added the BSE filing. Total income of the company fell to Rs 706.90 crore for the quarter under consideration from Rs 728.84 crore in the corresponding quarter an year ago. Sandeep Zanzaria, Managing Director & CEO of GE T&D India said, "We witnessed a continued surge in the order book in Q2, driven by India's energy transition needs and government's focus on renewable energy schemes."

GE T&D India About: GE T&D is the listed entity of GE's Grid Solutions business in India. With over 100 years of presence in India, GE T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. GE T&D India offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution industry, according to its official website.

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