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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 unaudited financial Results of the quarter ended 31 December 2021, that were approved by the Board in its meeting held on 09 February 2022.
11-02-2022

GE Power India Consolidated December 2021 Net Sales at Rs 757.11 crore, down 30.73% Y-o-Y

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11-02-2022
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GE Power India Ltd - 532309 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 Intimation of schedule of meeting with Institutional Investor
11-02-2022
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GE Power India Ltd - 532309 - Updates - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("Listing Regulations")

 Pursuant to Regulation 30 of the Listing Regulations, this is to inform that the Company has sold its complete investment of 26,65,000 equity Shares having face value of INR 10 in Alstom Systems India Private Limited to Alstom Transport SA (not a related party) at an all-inclusive consideration of INR 2,66,50,000, equivalent to a face value of INR 10 per Equity Share. The Board of Directors took note of the aforesaid sale of investment in its meeting held on 09 February 2022 pursuant to the letter received by the Company from Alstom Systems India Private Limited dated 09 February 2022 informing completion of the aforesaid transaction.
10-02-2022

Earnings Call for Q3FY22 of GE Power India

 Conference Call with GE Power India Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
10-02-2022
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Q3FY22 Quarterly Result Announced for GE Power India Ltd.

 Heavy Electrical Equipment company GE Power India declares Q3FY22 result: Total income for the quarter was INR 7,983 million up by 1%, compared to INR 7,903 million in Quarter Ended (QE) 30 September 2021 Profit before exceptional items for the quarter at INR 183 million, compared to INR 565 million in Quarter Ended (QE) 30 September 2021 EBIDTA (before interest income and expense) for the Quarter Ended (QE) 31 December 2021 is INR (- )159 million (-) 2.1%, compared to 10.9% for the Quarter Ended (QE) 30 September 2021. The Quarter Ended (QE) with Order backlog of INR 39,809 million. Prashant Jain, Managing Director, GE Power India Limited said, “This was the strongest quarter for core services in the last couple of years. We have booked orders worth 961MINR including a significant mills spare parts order for the year from NTPC Rihand. We have seen 65% growth in Q3 compared to previous quarter in core services and this was the highest quarterly intake in the FY. However, finalization of key orders in upgrades got postponed due to deferment of the customer’s outage schedule. FGD market is also looking up and customer have started to finalize the orders after clarity from MoEF on the implementation schedule. We have won an order for supply of Wet FGD in association with Apollo International for MB Power 2x600 MW contributing towards a cleaner future for the nation. In line with the General Electric Company (GE) announcement dated 21 September 2020 to pursue exit from new build coal power market intimated to Stock Exchanges (BSE & NSE) by the Company on 22 September 2020, on 08 February 2022, GE Steam Power has written to the Board of Directors of the Company conveying its intention to reduce its stake in the Company and de-promoterise within 36 months, which will be implemented in a staggered manner. Through this transition, GE intends to strengthen the Company to operate independently from GE and to achieve its long-term growth plans. With our excellent team on the ground and strong technological capabilities, I am confident that as an organization, we are in the right path of creating a lean, stronger and focused company with long-term growth and value.” Result PDF
10-02-2022

GE Power India reports Rs 34.12-crore loss for December quarter

 GE Power India reported a consolidated net loss of Rs 34.12 crore in the December 2021 quarter. The company reported a consolidated net profit of Rs 35.09 crore in the quarter ended on December 31, 2020, according to a BSE filing. Its total income during October-December 2021 dipped to Rs 798.29 crore, compared with Rs 1,143.13 crore in the year-ago period. "This was the strongest quarter for core services in the past couple of years. We have booked orders worth Rs 961 million (Rs 96.1 crore), including a significant mill's spare parts order for the year from NTPC Rihand. "We have seen a 65 per cent growth in Q3 compared to the previous quarter in core services and this was the highest quarterly intake in the FY," Prashant Jain, managing director of GE Power India, said. However, the finalisation of key orders in upgrades got postponed due to the deferment of the customer's outage schedule, he added. The company won an order for the supply of Wet FGD in association with Apollo ..
09-02-2022
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GE Power India Ltd - 532309 - Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended 31 December 2021 Along With Limited Review Report And Media Release

 The Board of Directors in its meeting held on 09 February 2022 have approved Un-audited Financial Results (Standalone & Consolidated) of the Company for the quarter ended 31 December 2021 pursuant to Regulation 33 read with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Copy of the aforesaid results along with Limited Review Report issued by Deloitte Haskins & Sells, Chartered Accountants, Statutory Auditors of the Company, on the aforesaid results are enclosed. Please find herewith a copy of Media Release issued by the Company in this regard. The same will also be available on the Company's website https://www.ge.com/in/ge-power-india-limited Please note that the aforesaid meeting of the Board of Directors of the Company commenced at 6:30 p.m. and concluded at 8:20 p.m. This is for your information and records.
09-02-2022
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GE Power India Ltd - 532309 - Updates - Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements} Regulations, 2015 ("Listing Regulations")

 As per the enclosed attachment
09-02-2022
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GE Power India Ltd - 532309 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

 This is to inform that an Earnings Conference Call for the third quarter of FY 2021-22 is being scheduled on Thursday, 10 February 2022 through audio means at 05:15 p.m.
03-02-2022
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