GE Power India bags Rs 550-cr order from Saudi Arabia
Mumbai, Aug. 13 -- According to the company, the scope of work includes the supply of equipment along with technical field advisory services for boiler modifications related to fuel conversion. The order comprises two separate NOAs covering the supply and service scopes.
The project is scheduled to be completed within 2.5 years. GE Power India clarified that the order does not constitute a related-party transaction and that neither its promoters nor members of the promoter group have any interest in the order.
GE Power India provides engineering, procurement and servicing solutions for the power generation industry and operates across thermal power equipment and services businesses.
The company's net profit declined 31.07% to Rs 113.21...
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