GE Power India Limited
GE Power India Ltd is engaged in business of engineering, procurement & construction (EPC) of key equipment for thermal and hydro power plants. It is one of the leading players in the Indian power generation equipment market.
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GE Power India shareholders and unsecured creditors have approved the Scheme of Arrangement with JSW Energy. Over 99% of creditors by value (₹1,324.63 Cr) voted in favour, clearing a path for this strategic business move.
GE Power India held meetings with shareholders and unsecured creditors to vote on a Scheme of Arrangement with JSW Energy Limited. This is a crucial step for the company's future corporate structure.
GE Power India faces a `31.95 Cr` penalty for alleged GST non-compliance, under appeal. The company increased renewable energy use, launched GHG emission reduction projects, and is implementing new FGD projects to cut SOx emissions, with the board now directly overseeing sustainability.
GE Power India's Board approved a final dividend of ₹7 per equity share, subject to member approval at the 34th AGM. A Record Date has been set to determine dividend eligibility.
GE Power India is convening meetings for equity shareholders and unsecured creditors. The purpose is to approve a Scheme of Arrangement with JSW Energy Limited, marking a significant business development.