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GE T&D surges on achieving record transmission of power on super energy corridor in India
Nov-15-2019

GE T&D India is currently trading at Rs. 179.30, up by 1.70 points or 0.96% from its previous closing of Rs. 177.60 on the BSE.

The scrip opened at Rs. 178.00 and has touched a high and low of Rs. 180.00 and Rs. 178.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 331.35 on 17-Jan-2019 and a 52 week low of Rs. 124.00 on 07-Aug-2019.

Last one week high and low of the scrip stood at Rs. 190.00 and Rs. 158.50 respectively. The current market cap of the company is Rs. 4590.91 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.12% and 7.88% respectively.

GE T&D India has achieved a new milestone in its Champa-Kurukshetra ultra-high-voltage direct current (UHVDC) project by successfully energizing the third of four poles planned for the project. This adds an additional 1,500 MW of capacity to the 1,287-km link, which is now transmitting 4,500 MW.

A special feature of the Champa project is the use of an overhead line with dedicated metallic return, which uses a neutral conductor as a part of the DC circuit. GE is the first company in the world to demonstrate this technology with this project and is therefore providing additional value to the customer by eliminating the typical technical and environmental issues associated with the traditional electrode solution.

GE T&D India is engaged in power transmission and distribution. Its products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows, as well as operate efficient networks through information management.


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