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 "electricity, power lines")
Its two corporations GE Energy India Restricted and GE T&D India Restricted are listed on the inventory exchanges in India
GE Energy India has turned worthwhile with a marginal web revenue of Rs 37 lakh in December 2023 quarter, supported by a fall in bills.
It had reported a web lack of Rs 139.9 crore within the October-December interval of previous monetary yr, the corporate mentioned in an change submitting on Monday.
The corporate’s complete revenue fell to Rs 491.2 crore from Rs 544.5 crore a yr in the past.
Bills trimmed to Rs 493.1 crore within the reporting quarter from Rs 563.9 crore in the identical interval final fiscal.
In a separate assertion, the corporate mentioned December quarter ended with an order backlog of Rs 3,437.4 crore, down by 14.5 per cent in comparison with Rs 4,019.7 crore in December 2022.
The companies enterprise continues to develop with 56 per cent extra orders on 1 / 4 on quarter (q-o-q) foundation. Operational pressures and execution challenges at new challenge websites nonetheless persist, he mentioned.
GE is a number one power participant within the nation with robust capabilities in engineering, manufacturing, challenge administration and provide of merchandise and options for energy technology and transmission infrastructure necessities.
Its two corporations GE Energy India Restricted and GE T&D India Restricted are listed on the inventory exchanges in India.
(Solely the headline and movie of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)
First Revealed: Feb 13 2024 | 6:04 PM IST
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