GE Power India announced that ICRA has revised the Long-term rating for Line of Credit as [ICRA]BBB (Negative) from [ICRA]BBB+ (Negative), reaffirmed the outlook to Negative and short-term rating for Line of Credit as [ICRA]A3+ from [ICRA]A2. The reasons for downward revision inter-alia included continuous decline in revenues, reduction in profit margins and delayed cash flow owing to significant cost pressures, provisions for accidents and slow pace of project execution. Powered by Capital Market - Live News

Net Loss of GE Power India reported to Rs 61.85 crore in the quarter ended September 2023 as against net loss of Rs 112.57 crore during the previous quarter ended September 2022. Sales declined 17.20% to Rs 354.21 crore in the quarter ended September 2023 as against Rs 427.77 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales354.21427.77 -17 OPM %-13.79-29.18 - PBDT-56.82-107.57 47 PBT-61.85-112.57 45 NP-61.85-112.57 45 Powered by Capital Market - Live News

Net Loss of GE Power India reported to Rs 61.99 crore in the quarter ended September 2023 as against net loss of Rs 112.63 crore during the previous quarter ended September 2022. Sales declined 17.20% to Rs 354.21 crore in the quarter ended September 2023 as against Rs 427.77 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales354.21427.77 -17 OPM %-13.79-29.18 - PBDT-56.96-107.63 47 PBT-61.99-112.63 45 NP-61.99-112.63 45 Powered by Capital Market - Live News

GE Power India will hold a meeting of the Board of Directors of the Company on 9 November 2023.Powered by Capital Market - Live News

GE Power India has received a purchase order from Vedanta worth Rs 25 crore for combustion modification of boiler for NOX reduction at Lanjigarh CGPP unit 3 x 30 MW. Powered by Capital Market - Live News