ICICI Securities: GE Power India - The Queen’s Gambit
A GE sign stands outside the General Electric Co. power plant in Veresegyhaz, Hungary. (Photographer: Akos Stiller/Bloomberg)

ICICI Securities: GE Power India - The Queen’s Gambit

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ICICI Securities Report

The current situation of GE Power India Ltd. is synonymous with a famous opening in chess called ‘The Queen’s Gambit’, in which a pawn is sacrificed to gain a positional advantage, in our view.

The withdrawal of the parent from large coal utility projects opens up opportunities to focus on long term value creation in terms of ramping up high margins, and high return on capital employed services business.

As clarified by the company, approximately 54% flue gas desulphurisation projects will be under uncertainty.

Click on the attachment to read the full report:

ICICI Securities GE Power India Company Update.pdf

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