January 11, 2018 / 5:35 AM / 5 months ago

BUZZ-GE Power India hits decade high on 8.2-bln-rupee order

** Shares of GE Power India Ltd surge as much as 7 pct to 916.6 rupees, its highest since Jan 2008

** Co gets order worth about 8.18 billion rupees ($128.29 mln) from Navayuga Engineering Co

** Order for design, manufacturing of 12 units of 80 MW capacity vertical full Kaplan turbine generator units along with ancillary equipment

** This is the fourth and the biggest order that the power equipment manufacturer has got in the last 12 months, according to data available with the stock exchanges.

** Up to Wednesday’s close, stock had risen 17.7 pct this year ($1 = 63.7600 Indian rupees)

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