GE Power India Wins ₹550 Crore Saudi Orders; Shares Rise 0.26% 

Mumbai August, 13: GE Power India Limited has received two Notices of Award from Daa Al Balad for Contracting and Operations Company Limited in Saudi Arabia for a fuel conversion project, with the cumulative contract value estimated at around ₹550 crore. 

According to the exchange filing, the orders cover the supply and service scope for the Shuaiba Fuel Conversion Project in Saudi Arabia. The work involves technical field advisory services related to boiler modifications required for fuel conversion. 

The company said the awards comprise two separate Notices of Award, covering supply and service activities. The project is expected to run for more than 2.5 years. 

The orders have been awarded by an international entity and are not classified as related-party transactions. The promoter or promoter group has no interest in the awarding entity, according to the disclosure. 

Stock Market Snapshot 

The contract announcement came as GE Power India shares traded marginally higher in early Thursday trading. 

As of 9:26 AM IST on August 13, 2026, the GE Power India share price stood at ₹796.05, up ₹2.05, or 0.26%, according to the market data provided. 

The stock opened around ₹806 and remained near the ₹807-808 level during the first few minutes before easing to an intraday low of about ₹794. The shares subsequently recovered to ₹796.05 by the latest available timestamp. 

The early market move remained relatively measured despite the sizeable overseas order announcement. 

Saudi Project Adds To GE Power India’s Order Pipeline 

The Shuaiba project adds an international contract to GE Power India’s business pipeline, with the company’s scope centred on fuel conversion-related work and boiler modifications. 

Fuel conversion projects typically require engineering and technical modifications to existing power generation equipment so that it can operate with an alternative fuel configuration. For GE Power India, the latest award provides a multi-year execution opportunity under separate supply and service contracts. 

The company disclosed the cumulative contract value at approximately ₹550 crore. Execution is expected to continue for more than 2.5 years, providing visibility over the project’s implementation period. 

The Saudi order also adds to the company’s international business exposure at a time when power generation operators are undertaking equipment and plant modifications to improve operational flexibility. 

Conclusion 

GE Power India has received two Notices of Award for the Shuaiba Fuel Conversion Project in Saudi Arabia, covering supply and service activities related to boiler modifications and technical field advisory work. 

The cumulative value of the contracts is estimated at ₹550 crore, with execution scheduled over more than 2.5 years. The company said there is no promoter interest in the awarding entity and that the contracts do not constitute related-party transactions. 

The stock reacted positively but modestly in early trade. GE Power India shares were up 0.26% at ₹796.05 as of 9:26 AM IST on August 13, 2026.  

Source: 

• https://www.nseindia.com/get-quote/equity/GVPIL/GE-Power-India-Limited 
• https://nsearchives.nseindia.com/corporate/GEPIL_12082026193248_Reg30-Baggingoforder-Signed_final.pdf