GE Power India - Strong Q3 Execution; Cash Flows Impacted: ICICI Securities
A GE logo sits on a panel as an employee works inside the General Electric Co. power plant. (Photographer: Akos Stiller/Bloomberg)

GE Power India - Strong Q3 Execution; Cash Flows Impacted: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

GE Power India Ltd. has reported strong revenue growth of 43% YoY to Rs 10.9 billion in Q3 FY21 led by healthy flue gas desulphurization order execution.

Company has announced acquisition of 50% stake in NTPC GE Power Services Pvt. which allows its service business to leverage NTPC Ltd.’s know-how and address the thrid party operations and maintenance in India and international markets.

The company has a strong executable orderbook of Rs 60 billion (approximately 1.9 times trailing-twelve-months sales) and order pipeline for FGD are healthy, as majority of State and private utilities are yet to tender.

Click on the attachment to read the full report:

ICICI Securities GE Power Q3FY21 Results Update.pdf

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