12-Aug-2026      19:56

GE Power India secures Rs 550 crore contract from Dar Al Balad for Saudi Arabia's Shoaiba Fuel Conversion Project

GE Power India Limited has received a Notice of Award (NOA) for the Shoaiba Fuel Conversion Project in Saudi Arabia, involving supply and technical field advisory services for boiler modifications, with a cumulative value of approximately Rs 550 Crores. The contract, awarded by Dar Al Balad for Contracting and Operations Company Ltd., has a project duration of roughly 2.5 years and does not constitute a related party transaction.

News source: Capital Market - Live News