GE Power India Limited (GEPIL), a subsidiary of GE Vernova Inc, stands as a prominent manufacturer and supplier in India's power generation sector. The company operates as a comprehensive power solutions provider, focusing primarily on the renovation and modernization of existing thermal power plants, and has expanded into the supply, installation, and subsequent operation and maintenance of these facilities.
Originally incorporated as ABB Alstom Power India Limited in September 1992, the company underwent several name changes, becoming Alstom Power India Limited in 2000, ALSTOM Projects India Limited in 2002, and Alstom India Limited in June 2012, before finally adopting its current name, GE Power India Limited. GEPIL offers a comprehensive portfolio of power generation solutions, emphasizing emissions control and a robust services portfolio aimed at providing sustainable, affordable, and reliable electricity across the nation.
GE Power India operates across multiple segments of the power generation value chain, delivering a wide array of activities including engineering, procurement, project management, manufacturing, construction, and the supply of power plants. The company's comprehensive product portfolio encompasses advanced power generation technologies:
- Power Equipment: This includes steam power systems such as supercritical and ultra-supercritical boilers, high-pressure and beater mills, and environmental control systems. The company also provides hydropower plant solutions and gas power systems.
- Services: GEPIL offers power services like parts supply and repairs, overhauling, refurbishment, and erection and commissioning. It also provides steam turbine retrofitting and comprehensive automation systems.
- Business Divisions: Key divisions include boilers, mills, air quality control systems, services, and automation and control, covering steam power, hydro, and gas power segments.
To support its extensive operations, GE Power India maintains strategic manufacturing facilities and engineering centers across India:
- Engineering Centers: Located in Noida and Kolkata.
- Manufacturing Facilities: A dedicated unit for Boilers in Durgapur, West Bengal, and a facility in Noida.
- Sales & Workshops: Several sales offices and workshops are present nationwide.
Beyond domestic markets, the company also supports global gas projects, providing engineering, procurement, and construction services, including resource deployment to international project sites.
GE Power India Ltd currently holds a market capitalization of ₹1,928 crore as of May 2025. The promoter holding in GE Power India Ltd, primarily by GE Vernova Inc, increased to 68.58% as of March 2025, from 68.58% as of June 2024.
The company demonstrated a strong recovery in FY25, achieving remarkable profitability improvements.
- Full Year FY25:
- Net profit reported to ₹203.00 crore, a significant turnaround from a net loss of ₹171.33 crore in FY24.
- Sales rose 0.81% to ₹1,047.10 crore, compared to ₹1,038.67 crore in FY24.
- Q4 FY25:
- Net profit surged 533.15% to ₹164.24 crore, against ₹25.94 crore in Q4 FY24.
- Sales increased 8.01% to ₹266.38 crore, from ₹246.62 crore in Q4 FY24.
However, the company faced challenges in Q3 FY25.
- Q3 FY25:
- Net loss reported to ₹18.58 crore, compared to a net profit of ₹0.37 crore in Q3 FY24.
- Sales rose 7.73% to ₹316.90 crore, from ₹294.15 crore in Q3 FY24.
- Market Capitalization: ₹1,928 crore (as of May 2025)
- Promoter Holding: 68.58% (as of Mar 2025)
- FY25 Revenue: ₹1,047.10 crore
- FY25 Net Profit: ₹203.00 crore
- Q3 FY25 Revenue: ₹316.90 crore
- Q3 FY25 Net Loss: ₹18.58 crore
- Q4 FY25 Revenue: ₹266.38 crore
- Q4 FY25 Net Profit: ₹164.24 crore
GE Power India has been actively securing new contracts, reinforcing its market position in the power sector.
- NTPC Order: Received a purchase order of ₹13.75 crore from NTPC for the supply of generator parts at its Telangana site. This order is an extension of a previous contract with MPPGCL in October 2024, which entailed the supply of boiler parts with a pre-tax value of ₹20.9 crore. The current order specifies the supply of boiler parts at Sanjay Gandhi Power Station within 3.5 months.
GE Power India is recognized as one of the leading players in the Indian power generation equipment market. Its portfolio encompasses steam power, hydro, and gas businesses, offering a comprehensive suite of solutions focused on emissions control and reliable electricity supply.
The company's affiliation with GE Vernova Inc provides it with invaluable access to global technology, expertise, and resources in the rapidly evolving energy landscape. As India continues to prioritize power infrastructure development and modernization, GE Power India is strategically positioned to capitalize on emerging opportunities in both conventional and renewable energy sectors. Through its comprehensive service offerings, robust manufacturing capabilities, and established market presence, GE Power India plays a significant role in India's power generation ecosystem, supporting the nation's growing energy demands while contributing to sustainable power solutions.
