GE Power India’s net loss widens to ₹139 crore in December quarter

The power equipment maker’s consolidated total income fell 32% year-on-year 545 crore in the December quarter. Sequentially, earnings grew by 18.4% 460 crore in the September quarter.

Prashant Jain, Managing Director, GE Power India said, “Due to the slowdown in the FGD market, operations at GE Power India Ltd. are taking longer than expected. is larger than the same time last year, but still not at the level we were expecting… Core Services is one area where, with 12% year-over-year growth last quarter Good progress. We are continuing our work on further services development, which will be a focus for the coming quarters. Also, on the core service execution side, we are doing well with higher productivity.”

“…coal will continue to play an important role for the foreseeable future, however, as more renewable energy sources are added to the grid, this role may change, and with it the operating model of coal power producers, which will require various service needs. Our deep industry experience as an Original Equipment Manufacturer (OEM) as well as our dedicated and highly skilled team in engineering and project execution enable us to respond to our customers’ needs with the required speed and flexibility Is.”

GE Power India completed several major projects during the fiscal third quarter, including the refurbishment and modernization of NTPC’s Ramagundam Super Thermal Power Station Unit 3, which led to efficiency improvements, carbon reductions, additional power and fuel cost savings.

It also implemented NOx control solutions at Vendanta and UPRVUNL Parichha, enabling them to comply with the new emission norms.

GE Power India signed an MoU with NTPC to demonstrate technologies that can reduce the carbon footprint of the latter’s coal-fired power plants.

The company received major service orders from NSPCL Durgapur for supply of turbine blades, Saundatti IREP for excitation system upgrade and retrofit, and Hindalco Hirakud Unit 3 & 4 for supply of evaporator and economizer coils.

GE Power India also completed the installation of India’s first variable speed 490T rotor for the Tehri PSP project in Uttarakhand, India. It completed the refurbishment of the nozzle assembly for Dai Ninh and sent a unit of nozzle injector body to the Tala project in Bhutan.