Intimation under Regulation 30 of SEBI Listing Regulations
GVPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
GE Power India Ltd (GEPIL) has entered into two agreements with Quality Profiles Private Limited (QPPL) on 20 May 2026. First, a Leave and License Agreement grants QPPL the right to use GEPIL's land, shed and infrastructure at Vadodara for a new facility. Second, a Contract Manufacturing Agreement makes QPPL the exclusive contract manufacturer for refurbishment and repair of large rotating equipment like steam turbine/generator components. GEPIL will invest INR 18 crores in civil infrastructure while QPPL will invest INR 25 crores in machinery. GEPIL commits to minimum annual payments of INR 10 crores to QPPL, increasing 7% annually. The license term is 60 months with a 48-month lock-in period. The company confirms this is not a related party transaction.
This partnership enables GEPIL to expand its refurbishment capacity through a dedicated facility without major capital outlay for machinery, while QPPL gains a long-term exclusive manufacturing arrangement. The INR 10 crore annual commitment represents a predictable cost for GEPIL.