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14-Mar2019

GE T&D trades in green on the BSE

GE T&D India is currently trading at Rs. 295.60, up by 2.55 points or 0.87% from its previous closing of Rs. 293.05 on the BSE.

The scrip opened at Rs. 298.80 and has touched a high and low of Rs. 304.00 and Rs. 295.60 respectively. So far 3720 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 413.40 on 02-Apr-2018 and a 52 week low of Rs. 219.00 on 07-Dec-2018.

Last one week high and low of the scrip stood at Rs. 304.00 and Rs. 284.15 respectively. The current market cap of the company is Rs. 7668.59 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.10% and 7.90% respectively.

GE T&D has been awarded a technology driven grid modernization project by Rajasthan Rajya Vidyut Prasaran Nigam (RRVPL) as part of the utility's roadmap to implement grid initiatives and augmenting renewable energy in the state, which will benefit the Rajasthan's population.

The company's Advanced Energy Management System (AEMS) will serve as a foundation for RRVPL's roadmap and enable the utility to alter production levels based on demand. Part of GE's Digital Energy portfolio, the software will provide real-time data acquisition and a decision support system that will help in visualization and situational awareness of the transmission grid.

Smart Transmission Network and Asset Management System (STNAMS), RRVPL's state-of-the-art power transmission roadmap, was designed to integrate large-scale renewable energy and support managing existing and future power structure. A first by a state utility in India, the project investment totaling Rs 150 crore demonstrates the need for efficient, stable and secured operation of the grid.

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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