GE T&D India announced that it has bagged an order worth 26 million Euros from Grid Solutions Middle East FZE, Dubai, for the supply and supervision of high voltage products.
The order, it added, has been received from the group company and these products will form a part of the overall project being executed by the group company for the end customer. This order is slated to be executed over the next two years.
Further, GE T&D India also secured another order worth 64 million Euros from Grid Solutions SAS, France, for the supply and supervision of high voltage products. This order is also to be executed over the next two years, the company said in a regulatory filing.
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Reacting on the same, Amit Anwani, Research Analyst, Prabhudas Lilladher Pvt Ltd, said, “Healthy order pipeline in the power market, a strong order book of over Rs 60 billion, and management’s focus on margin improvement augurs well for strong revenue and profit growth for GE T&D India.”
From: financialexpress
Financial News
