GE Power India has seen a year-on-year decline in its order inflow during the first quarter of FY21.
GE Group company GE Power India Ltd reported its financial results for the quarter ending June 30, 2020, on August 11, 2020.
The orders received for the quarter ending June 30, 2020, stood at Rs.532.1 crore, as against Rs.2,460.1 crore in the same period of 2019.
The total income for the quarter was Rs.446.5 crore, down 4 per cent compared to Rs.467.1 crore in the quarter ending June 30, 2019.
Commenting on the results, Prashant Jain, Managing Director, GE Power India, said, “We have realised lower revenue (compared to Budget) primarily due to COVID-19 lockdown, however since majority contracts are long-term, we expect to recover in the coming quarters with unlock as restrictions are removed.”
“I am proud that we as a team have met the power generation needs of our customers during these tough times. The wins in Q1 2020-21 are encouraging. We won an order for India’s first-ever semi-dry FGD technology in power application from Hindalco Industries Ltd. We will carry out combustion system modification of the boilers along with advanced firing system to meet the NOx emission norms for UP Rajya Vidyut Utpadan Nigam (UPRVUNL), which is also the first for combustion modification for NOx control by any state utility in India,” Jain added.
Featured photograph (source: ge.com) shows the wet flue gas desulphurization (WFGD) unit at NTPC’s 500-mw super thermal power project site at Vindhyachal, Madhya Pradesh. Commissioned by GE Power in April 2018, the FGD installation at Vindhyachal was the first limestone-based WFGD commissioned in an NTPC power plant suitable for continuous operation at a 500-mw unit for 100 per cent gas flow.