GE Power India Limited has informed the Exchange about Agreements
GVPIL · price
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GE Power India Limited (GEPIL) has entered into two agreements with Quality Profiles Private Limited (QPPL) on May 20, 2026. Under the Leave and License Agreement, GEPIL will grant QPPL the right to use its Vadodara facility for setting up a manufacturing unit. Under the Contract Manufacturing Agreement, QPPL will manufacture and supply spares for steam turbine and generator components exclusively for GEPIL. GEPIL will invest INR 18 crores in civil infrastructure while QPPL will invest INR 25 crores in machinery. GEPIL's minimum annual commitment to QPPL is INR 10 crores with 7% annual escalation. The license term is 60 months with a 48-month lock-in period. The transaction is not a related party transaction and was done at arm's length.
This partnership enables GEPIL to expand its refurbishment and repair capacity for large rotating equipment through a dedicated facility without significant capital investment in manufacturing infrastructure. The INR 10 crore minimum annual commitment creates predictable revenue visibility, while QPPL's INR 25 crore machinery investment reduces GEPIL's capital burden.