GE Power India Ltd (GEPIL) has announced the winning of two FGD-related orders aggregating Rs.750 crore, both placed by Jaiprakash Power Ventures Ltd (JPVL).
In a stock exchange communication, GE Power India said that both the orders involve design & engineering, supply, transportation, TFA for erection & commissioning, and conducting of performance guarantee test (PGT) of boiler wet limestone-based FGD (flue gas desulphurization).
The first order, valued at Rs.490.50 crore, pertains to JPVL’s Nigrie super thermal power project in Madhya Pradesh, and is scheduled for completion in 33 months.
The second mandate, worth Rs.284.40 crore, is slated for completion in 30 months, and relates to JPVL’s Bina thermal power project, also in Madhya Pradesh.
The order value is exclusive of GST @18 per cent.
FGD Market
In a recent investor presentation, GE Power India said that the market opportunity in the FGD business space in India is around Rs.60,000 crore. FGD units corresponding to 97 GW of coal-fired power generation capacity has yet to be ordered, GEPIL estimated. This potential FGD market is predominantly that of state power utilities and state government utilities.
New Holding Company
It may be mentioned that the ultimate holding company of GE Power India Ltd (GEPIL) now is “GE Vernova Inc”, changed from “General Electric Company” effective April 2, 2024. This follows the splitting of General Electric Company into three entities – GE Healthcare, GE Vernova and GE Aerospace. This splitting was first announced in November 2021 and formally completed on April 2, 2024. Likewise, GE Vernova LLC also becomes the ultimate holding company of GE T&D India Ltd
