GE Power India Investor Meet: Turnaround Details and Durgapur Demerger Plan
GVPIL · price
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Management detailed a sharp turnaround since FY2024. Net worth rose over 8x to INR 483 crores, cash position reached INR 880 crores, and EBITDA swung from a loss of INR 251 crores to profit of INR 277 crores. Credit rating upgraded to BBB+ stable, and a dividend was declared in 2026. Order bookings hit INR 734 crores, a 25% CAGR. The firm also proposed demerging its underutilised Durgapur factory to JSW Energy, giving shareholders 10 JSW shares per 139 GEPIL shares.
Strong turnaround metrics support outlook. Durgapur demerger removes loss-making asset and gives shareholders direct JSW Energy stake with no dilution to GEPIL holding.