GVPIL · price
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GE Power India Limited's Board, on 5 May 2026, approved two agreements with Quality Profiles Private Limited (QPPL). First, a Leave and License Agreement grants QPPL the right to use GEPIL's land, shed and infrastructure at Vadodara to set up a facility and install machinery. Second, a Contract Manufacturing Agreement appoints QPPL as a contract manufacturer to refurbish and repair large rotating equipment and produce related spares and components to GEPIL's specifications. Full details under SEBI regulations will be submitted after the agreements are executed.
This operational arrangement allows GEPIL to leverage existing Vadodara infrastructure while outsourcing manufacturing and refurbishment of rotating equipment, potentially reducing operational costs without divesting core assets.