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GE Power India Ltd - 532309 - Announcement under Regulation 30 (LODR)-Credit Rating

 Pursuant to Regulation 30 read with Para A of Part A Schedule III of the SEBI (Listing Obligations and Disclosure Requirements} Regulations, 2015and in furtherance to the intimation made by the Company on the aforementioned subject on 21 December 2022, this is to inform that ICRA Limited (Credit rating agency) vide letter dated 06 June 2023, revised the Long-term rating for Line of Credit as [ICRA]BBB+ (Negative) from [ICRA]A-, reaffirmed the outlook to Negative and short-term rating for Line of Credit as [ICRA]A2 from [ICRA]A2+ of the Company. The reasons for such downward revision inter-alia are slow order intake, increased provisions, decline in revenue and profitability in the financial year 2022-23, susceptibility to execution delays and subdued demand outlook.
06-06-2023
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GE Power India Ltd - 532309 - Clarification sought from GE Power India Ltd

 The Exchange has sought clarification from GE Power India Ltd on June 6, 2023, with reference to Movement in Volume.The reply is awaited.
06-06-2023
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GE Power India Ltd - 532309 - Reply To The Clarification Sought On Increase In Volume

 With reference to letter Ref No.:NSE/CM/Surveillance/13116 dated 05 June 2023 seeking clarification on significant increase in the volume of the security with symbol 'GEPIL', we wish to state that: (1) The Company has made all necessary disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') within stipulated timelines to the stock exchanges and all such information furnished by the Company are in the public domain; and (2) As on date, there is no information / announcement (including impending announcement), which in our opinion, may have a bearing on the price / volume behavior of the security of the Company and which are pending to be disclosed by the Company to the stock exchanges.
06-06-2023
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GE Power India Ltd - 532309 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 Further to our letter dated 29 May 2023, please find enclosed a copy of the transcript of Earnings conference call held on 29 May 2023.
05-06-2023
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GE Power India Ltd - 532309 - Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015

 Pursuant to Regulation 30 read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular bearing reference No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated 16 March 2023 on 'Common and simplified norms for processing investor's service requests by RTAs and norms for furnishing PAN, KYC details and Nomination', we wish to inform that the following steps have been taken towards sensitizing the security holders regarding mandatory furnishing of PAN, KYC and nomination details
31-05-2023
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GE Power India Ltd - 532309 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 In furtherance to our letter dated 24 May 2023 regarding Earnings Conference call scheduled on 29 May 2023 at 3:45 p.m., please note that the audio recording of the earnings call is made available on the Company's website at: https://www.ge.com/in/sites/www.ge.com.in/files/2023-05/audio-link-q4-2023.mp3
29-05-2023
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GE Power India Ltd - 532309 - Announcement under Regulation 30 (LODR)-Investor Presentation

 In furtherance to our letter dated 24 May 2023 regarding Earnings Conference Call scheduled on Monday, 29 May 2023 at 03:45 p.m., please find enclosed the presentation to be made before the Investors/analysts for your information.
29-05-2023
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GE Power India Ltd - 532309 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, please find enclosed the copies of the advertisement published in English and regional (Marathi) newspapers for the Financial Results of the quarter and year (audited) ended 31 March 2023, that were approved by the Board in its meeting held on 26 May 2023.
28-05-2023

GE Power India consolidated loss narrows to Rs 129.70 cr in March quarter

 GE Power India on Friday said its consolidated net loss narrowed to Rs 129.70 crore in the quarter ended March 2023. It had reported a consolidated net loss of Rs 179.10 crore in the year-ago period, according to a BSE filing. Its total income in the March 2023 quarter stood at Rs 359.43 crore against Rs 618.86 crore a year ago. The consolidated net loss in the fiscal 2022-23 rose to Rs 440.58 crore from Rs 288.82 crore in 2021-22. The total income in the fiscal declined to Rs 1,884.03 crore from Rs 2,758.67 crore in 2021-22. The company's (March) quarter ended (QE) with an order backlog of Rs 3,615.3 crore. "We continue to progress on the turnaround of GE Power India Limited operations, but it is taking longer than expected due in part to the slowdown in the FGD market. The upgrade market has grown in size, but here as well conversion to orders is slower than we anticipated," Prashant Jain, Managing Director of GE Power India, said in a statement. The segment where the company
26-05-2023
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GE Power India Ltd - 532309 - Compliance Under Regulation 23(9)

 Pursuant to Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015 read with applicable circulars, please find enclosed disclosure of Related Party Transactions for the half year ended 31 March, 2023.
26-05-2023
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