New Delhi: GE Power announced on June 3 that it has bagged a contract worth Rs 738 crore from Aravali Power Company Private Limited. "The contract is for design, engineering, civil work, supply, erection and commissioning of wet FGD (Flue Gas Desulphurisation) systems along with auxiliaries like limestone and gypsum handling system and wet stack on full turnkey basis," the company said in a regulatory filing.
Aravali Power Company is a joint venture between National Thermal Power Corporation (NTPC), Haryana Power Generation Company Ltd and Indraprastha Power Generation Company Ltd. Buoyed by the news, shares of GE Power closed 0.59 per cent up at Rs 884.50 apiece on the BSE on June 3.
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