Stocks

GE Power shares hit 10-year high

Reuters Jan 11 | Updated on January 16, 2018 Published on January 11, 2018

The company has got an order worth about Rs 818 crore ($128.29 mln) from Navayuga Engineering Co

Shares of GE Power India hit a decade high on Rs 820-crore order. The stock jumped as much as 7 per cent to Rs 916.6, its highest since January 2008.

The company has got an order worth about Rs 818 crore ($128.29 million) from Navayuga Engineering Co. The order is for design, and manufacturing of 12 units of 80 MW capacity vertical full Kaplan turbine generator units along with ancillary equipment.

This is the fourth and the biggest order that the power equipment manufacturer has got in the last 12 months, according to data available with the stock exchanges. Up to Wednesday's close, the stock had risen 17.7 per cent this year.

Published on January 11, 2018
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