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GE Power board approves selling of hydropower and gas business
short by / on Thursday, 11 July, 2024
GE Power India Ltd shares rose 8% after the board approved selling their hydro and gas power businesses. The hydro business, involving turbines and generators, will be sold to GE Power Electronics (India) Pvt Ltd. The gas power business, focusing on project management and maintenance, will go to GE Renewable Energy Technologies Pvt Ltd.
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