GE T&D India hits record high on 4.9 bln rupees order win

GE Vernova T&D India

15/07/2024 06:12

** Shares of GE T&D India  GETD.NS  rise as much as 5% to
1762 rupees hitting a record high; last up 1% 
    ** The electricity transmission products maker gets order
from Power Grid Corporation of India  PGRD.NS  for base price at
4.90 billion rupees ($58.7 million)
    ** GETD up ~15% in July so far, on track for fourth straight
month of gains
    ** Stock has more than tripled so far this year

($1 = 83.5360 Indian rupees)

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