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We’re committed to flue gas desulphurisation biz, says GE Power India

GE Power India sees coal-based power becoming a niche and complex space as the fuel transforms from being a base load to having about 52 per cent share in the overall electricity market by 2030. It also estimated the size of the flue gas desulphurisation (FGD) business at 143 Gw in three to five years.

This statement comes even as the company’s stock has taken a beating after its parent announced on September 21 that it would exit new coal business globally. The stock has fallen over 50 per cent to Rs 201.8 a share on Monday from Rs 444.75 on September 21.

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