FGD regulatory changes reduce addressable market
Government notification in July 2025 exempted Category C plants (over 50% of installed base) from mandatory FGD installation, significantly shrinking the FGD opportunity.
high · management_commentary
GE Power India Limited — Q4 FY26
GE Power India delivered a strong Q4 FY26 with revenue of ₹315 crore (+19% YoY) driven by upgrade volumes and core services growth.
bullish
high
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Declining order book may pressure future revenue
Total order book fell 39% YoY to ₹1,628 crore due to FGD contract termination and new build ramp-down, raising concerns about revenue visibility beyond FY27.
medium · data_observationDependence on parent for global expansion limited
Management clarified that GE Power India's mandate is restricted to India and 13 countries for boiler services, and non-GE services are limited to India only, capping international growth.
medium · analyst_question