What we do GE Power India Ltd specializes in engineering, manufacturing, and servicing power plants and equipment, focusing on steam, hydro, and gas power sectors. |
Founded in 1,992 |
Market share Among leading players in Indian power generation equipment market, with significant participation in power plant projects and service segments. |
Problem solved Provides efficient power generation solutions, upgrades, emission control and servicing, addressing India’s rising electricity demand and sustainability needs. |
Top clients or who we serve Serves power utilities, industrial clients including NTPC, BHEL, Vedanta; focuses on B2B power project developers and OEMs. |
Key management Mr. Puneet Bhatla (Managing Director), Mr. Aashish Ghai (Whole-time Director & CFO). |
Our journey and innovations Established 1992; multiple renamings; major partnerships with BHEL & Infosys; pioneered supercritical boilers, advanced hydro projects and emission control systems. |
Where we operate Primarily India with exports to Middle East, Southeast Asia, Turkey and Malaysia. |
Top products or what we offer Supercritical boilers, hydro turbines, emission control systems (FGD, ESP), coal mills, power services, automation and control solutions. |
Top brands BHEL-GEPIL partnership products, Vindhyachal Turbine Upgrades, NTPC power project packages, Hydro turbines for Ratle and Shuakhevi projects. |
Raw materials needed Steel, alloys, specialized metals, mechanical components for power equipment manufacturing. |
Raw materials supplier Local Indian steel and component manufacturers; collaboration with OEM suppliers. |
Recurring vs cyclical contribution Mix of recurring revenue from service contracts and cyclical revenues from project executions. |
Our industry position Strong market leader in power generation equipment with increasing core services growth and competitive technology partnerships. |
Financial highlights FY2025 revenue approx ₹1047 crore; net profit ₹203 million; improving profitability and cash generation in core services. |
Geographical revenue split ~97% revenue from India, ~3% from international markets including Middle East and Southeast Asia. |
Order book Strong order book driven by supercritical boilers, ESP, core services, and hydro projects. |
Whats driving growth Rising electricity demand, India’s supercritical power program, emissions control upgrades, and expanding service portfolio. |
Our future plans Focus on high margin, faster cash conversion projects; expand core services and international exports; innovate in emission controls and hydro systems. |
Our green promise Deploys emission control technologies like Flue Gas Desulfurization; invests in cleaner, efficient power solutions supporting transition to sustainable energy. |
Our people and values Culture of safety and inclusion with emphasis on employee well-being; rigorous EHS management systems certified ISO 14001 & 45001. |
Key challenges ahead Managing project execution risks, transitioning business amid energy sector changes, ensuring profitability in competitive market. |
Interesting facts Delivered India’s first variable speed pumped storage machine; extensive partnership with BHEL; largest hydropower private projects in India. |
Risks and strategy Mitigates operational and financial risks via strong internal controls; strategy focuses on service-led growth and lean manufacturing. |
