GE Power India shares surged 5% to ₹871.05 during early market hours on Thursday, July 16, compared to ₹829.60 at the previous session, according to NSE data. With a price tolerance band of 5%, the shares hit the upper price band of ₹871.05, while the lower price band was at ₹788.15. After temporary trading suspension, the stock retracted to trade 0.56% higher at around ₹834 per share during Thursday's session. The stock opened at ₹869.00 with an intraday high of ₹871.05 and low of ₹812.05, with the average traded price for the day at ₹850.07.
GE Power India's board of directors announced the official record date for the company's ₹7 per share final dividend issue for the financial year ended 2025-26 on Wednesday evening, July 15, according to an exchange filing. Friday, July 31, 2026, has been fixed as the record date to determine shareholder eligibility for the final dividend payment. The company shareholders will determine approval of the final dividend payment in the upcoming 34th AGM scheduled for Friday, August 14, 2026. If approved, every eligible shareholder will receive ₹7 per share for every share owned, up to one day ahead of the record date.
GE Power India recommended a ₹7 per share final dividend with a face value of ₹10 apiece. The company disclosed that the dividend payment will be made within the prescribed timeline, subject to deduction of tax at source as applicable. The dividend announcement comes alongside the company's Q4 results for the financial year ended 2025-26. The record date has been established pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, to identify shareholders eligible for the payout.
GE Power India is proceeding with the demerger of its Durgapur business facility, citing significant underutilization and financial losses. According to the company's exchange filing, the factory has been witnessing significant underutilization with ₹27 crore average loss per year over the past two years (2023-2025). The facility has been limited to service work and non-coal activities, with JSW Energy in the process of acquiring the facility to ensure optimal utilization in view of Indian industry's power demand. The unsecured creditors started e-voting for the arrangement on Thursday, July 16, with the voting window remaining open until Sunday, July 19, 2026, and NCLT meeting scheduled for July 20, 2026.
