GE Power India shares turnaround progress and Durgapur demerger plan
GVPIL · price
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Management shared turnaround progress at investor meet: net worth rose 8x to INR 483 cr, EBITDA swung from loss of INR 251 cr (FY23) to profit of INR 277 cr (FY26), liquidity reached INR 880 cr, bank guarantee exposure cut by INR 1,364 cr. Order bookings grew at 25 percent CAGR to INR 734 cr. Proposed demerger of underutilized Durgapur unit to JSW Energy: 10 JSW shares for every 139 GEPIL shares held, effective 1 July 2025. Credit rating upgraded to BBB+ stable, dividend declared in 2026.
Shareholders gain direct JSW Energy stake while keeping GEPIL holdings intact. Strong turnaround metrics and portfolio simplification may support sentiment.