GE Power India Limited — Important, 12-02-2025: Updates

A fire accident at the NTPC Sipat site previously estimated to cause damages of approximately INR 694 million is under management review. The company has secured insurance coverage for the incident and has received INR 10 crore as a second interim payment from its insurers. Restoration efforts are progressing well, with the delivery of re-ordered materials nearing completion and full restoration expected by March 2025. The company is in ongoing discussions with its insurer regarding the final settlement of the claim. Investors should monitor this situation closely, as the timely restoration of operations will be crucial for maintaining financial performance and operational stability moving forward.