GE T&D India Ltd. has bagged orders from Grid Solutions Middle East FZE, Dubai, and Grid Solutions SAS, France, for supply of high-voltage products according to exchange filings on Wednesday.
Grid Solutions Middle East contracted the company for an international deal worth €55 million that will take up to five years to complete. Grid Solutions SAS contracted the company for an international deal worth €100 million that is meant to be completed by 2029, it said.
The order has been received from the group company and these products will form a part of the overall project being executed by the group company for the end customer. The orders fall within related-party transactions, which are done at arm's length, the filing said.
Shares of GE T&D closed 1.54% higher at Rs 1,723.35 apiece on the BSE, compared to a 0.49% decline in the benchmark Sensex.
RECOMMENDED FOR YOU
Five Stocks In News At Noon: Top Gainers Today
Nov 21, 2024
Coal Ministry 'Optimistic' About Achieving Production Target Of 170 Million Tonnes
Nov 09, 2024
Retail Space Leasing in Top 8 Cities Drops 1% to 1.63 Million Sq Ft: Report
Nov 07, 2024
Power Grid Wins Transmission Project Bid In Gujarat
Oct 24, 2024
POPULAR