GE Power

GE Marine and Hindustan Aeronautics Limited on Tuesday said that have signed a Memorandum of Understanding to explore the expansion of HAL's manufacturing capabilities to include assembly, inspection and testing (AIT) of the LM500 marine gas turbine. Since 1986, HAL's IMGT Division has been providing AIT of GE's LM2500 marine gas turbine, which is installed aboard Indian Navy's P-17, P-17A, and IAC-1 Vessels. As on date, HAL has delivered 22 LM2500 gas turbines for 11 Indian naval vessels. The MOU will explore allowing HAL to perform AIT for GE's LM2500 marine gas turbine for use in an indigenous four mega-watt gas turbine generator for possible installation aboard future Indian naval vessels, a joint statement said.

NTPC Ltd on Thursday said it has inked an agreement with GE Power India Limited to reduce carbon emission from its coal-fired units. This agreement aims at partnering on research, development and engineering of technologies that will enable NTPC to reduce the amount of coal fired at units and gradually replace it by co-firing of carboneous and non-carboneous elements, the power giant said in a statement. Carboneous elements include methanol, carbon-neutral fuel, agri-waste, biomass, while non-carboneous elements are like ammonia. "NTPC Limited and GE Power India Limited sign MoU to reduce carbon intensity from NTPC's coal fired units. This is a first-of-a-kind step for coal fleet decarbonisation in the country," the statement said. The collaboration is to support NTPC in co-firing biomass pellets up to 100 per cent gradually as well as enabling the co-firing of methanol. Ujjwal Kanti Bhattacharya, Director Projects, NTPC Limited, said: "We are looking forward to working with GE Po

GE Power India on Monday reported a consolidated net loss of Rs 112.57 crore in the September quarter. The company had reported a consolidated net profit of Rs 39.33 crore in the quarter ended September 30, 2021, the company said in a regulatory filing. Total income of the company dipped to Rs 460.08 crore in the quarter under review from Rs 790.31 crore in the same period a year ago. The quarter ended with an order backlog of Rs 4,095.8 crore, a statement said. "The second quarter of the financial year 2022-23 was mixed. The quarter was impacted as the company reported negative earnings growth, however, GEPIL is making progress in delivering on the business strategy to grow services, ensure the right mix of EPC & EP projects and grow industrial and private customers," said Prashant Jain, Managing Director, GE Power India. He said orders in the Services business segment are up by 42 per cent compared to the corresponding period of last year combined with good profitability. "We .

Stocks to watch today: State Bank of India raised their MCLR lending rate by 20 basis points across all tenors; Network18 group firm Viacom18 eyes expansion after it bagged media rights for IPL.

The Indian Navy is considering building a second indigenous aircraft carrier to add to the combat capability

The stock of Solara Active hit a fresh 52-week low of Rs 620.20, down nearly 20 per cent in Friday's intra-day trade, falling 36 per cent in the past two days on the BSE.

ICRA has reaffirmed A-plus rating on GE Power India Ltd (GEPIL) but said the outlook revision to negative from stable on the bank lines is driven by deterioration in credit profile

GE Power India's board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. "Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved acquisition of 50 per cent of the issued and paid-up share capital of NTPC GE Power Services Pvt Ltd (NGSL)," a BSE filing said. It also stated that the cost of acquisition or the price at which the shares are acquired is a cash consideration of Rs7,20,00,000. The acquisition of shares of NGSL from GEPower Systems GmbH is a related party transaction as the Company and GE Power Systems GmbH are GE Group Affiliates. The said related party transaction will be at arm's length price. Upon completion of the acquisition of shares from GE Power Systems GmbH, the company would enter into renovation and modernisation of thermal power plants segment and partner with NTPC Limited, which is a PSU and a pioneer in thermal power plants. This investment and JV wi

The company will supply these air quality control systems (AQCS) solutions to NTPC, Hindalco Industries and UP Rajya Vidyut Utpadan Nigam Ltd

Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.

The power sector is going through a disruption though the future is clear 10 years from now, says Jain

Shares of GE Power were trading 1.97% higher at Rs 825 apiece on BSE