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GE T&D to sell global engineering operation division to GE India Industrial for Rs 87 crore
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GE T&D to sell global engineering operation division to GE India Industrial for Rs 87 crorePTI
Last Updated: Jan 16, 2021, 08:48 PM IST
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Synopsis
The expected date of completion of sale is at the end of day on March 31, 2021 subject to satisfaction of identified conditions precedents and approval of shareholders for related party transaction.
GE T&D India will continue to have an internal team to support such activities of its business.
New Delhi: GE T&D India on Saturday said it has agreed to sell its
Read more about Utilties stocks rise on Business Standard. Utilties stocks were trading with gains, with the S&P BSE Utilities index increasing 22.58 points or 1.18% at 1941.16 at 09:48 IST.
Utilties stocks were trading in red, with the S&P BSE Utilities index decreasing 50.31 points or 2.77% at 1764.65 at 13:48 IST. Among the components of the S&P BSE Utilities index, Jaiprakash Power Ventures Ltd (down 6.57%), Tata Power Company Ltd (down 5.38%),Nava Bharat Ventures Ltd (down 4.83%),Reliance Power Ltd (down 4.76%),GAIL (India) Ltd (down 4.44%), were the top losers. Among the other losers were Rattanindia Power Ltd (down 4.37%), NTPC Ltd (down 3.42%), BF Utilities Ltd (down 3.27%), Power Grid Corporation of India Ltd (down 2.78%), and Gujarat Industries Power Co Ltd (down 2.55%). On the other hand, GE T&D India Ltd (up 3.58%), and Mahanagar Gas Ltd (up 0.69%) turned up.
Utilties stocks were trading in the negative zone, with the S&P BSE Utilities index falling 5.35 points or 0.29% at 1830.66 at 13:48 IST. Among the components of the S&P BSE Utilities index, Reliance Power Ltd (down 4.84%), Reliance Infrastructure Ltd (down 3.35%),GE T&D India Ltd (down 1.62%),Gujarat State Petronet Ltd (down 1.5%),Va Tech Wabag Ltd (down 1.21%), were the top losers. Among the other losers were Power Grid Corporation of India Ltd (down 1.12%), Indraprastha Gas Ltd (down 0.82%), Torrent Power Ltd (down 0.57%), BF Utilities Ltd (down 0.56%), and GAIL (India) Ltd (down 0.48%). On the other hand, Jaiprakash Power Ventures Ltd (up 8.08%), Rattanindia Power Ltd (up 6.33%), and Gujarat Industries Power Co Ltd (up 4.09%) moved up.