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