GE Power India hits over 3-year high on LoI from NTPC

Ge Power India

21/06/2024 05:24

** Shares of power equipment maker GE Power India  GEPO.NS 
rise as much as 9.1% to 429 rupees, hitting their highest since
early Oct 2020; last up 4.7%
    ** Co gets letter of intent from NTPC GE Power Services for
renovation of steam turbines with base price at 2.43 bln rupees
($29.1 mln)
    ** GEPO on track for second straight session of gains
    ** Stock up ~81% YTD, had gained 62% in 2023 for best yearly
gains since 2014

($1 = 83.5750 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))