Business Update20 May 2026, 09:30 pm
GE Power India Enters Agreements with Quality Profiles
AI Summary
GE Power India Ltd (GEPIL) has entered into a Leave and License Agreement (L&L Agreement) and a Contract Manufacturing Agreement (CMA) with Quality Profiles Private Limited (QPPL) on May 20, 2026. Under the L&L Agreement, GEPIL will grant QPPL the right to use land and infrastructure at Vadodara. Under the CMA, QPPL will provide contract manufacturing services for refurbishment/repair of large rotating equipment and manufacture/supply related spares. GEPIL will invest ₹18 crores, and QPPL will invest ₹25 crores. GEPIL commits a minimum annual commitment of ₹10 crores to QPPL, increasing by 7% annually.
Key Highlights
- GEPIL enters into L&L and CMA agreements with Quality Profiles Private Limited.
- GEPIL to invest ₹18 crores in civil infrastructure and plant equipment.
- QPPL to invest ₹25 crores in machinery procurement and installation.
- GEPIL commits to a minimum annual spend of ₹10 crores with QPPL, increasing by 7% annually.
- The L&L agreement has a 60-month term with a 48-month lock-in period.
Price Impact
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