GE Power India shares hit 5% upper circuit on final dividend record date; check other key details

GE Vernova arm, GE Power India shares surged 5% to hit their upper circuit level during the trading session on Thursday, July 16, after the company announced the official record date for its ₹7 per share final dividend issue, subject to approval in the upcoming annual general meeting (AGM).

GE Power India shares surged 5% during the early market hours on Thursday to an intraday high of ₹871.05, compared to ₹829.60 at the previous stock market session, according to NSE data.

With a price tolerance band of 5%, the shares surged to the upper price band of ₹871.05 on July 16, while the lower price band was at ₹788.15, as per the exchange data.

After the temporary suspension of trading during the early market, the stock retracted from its highs, trading 0.56% higher at around ₹834 per share on Thursday’s market.

Key focus on investors also remained on GE Power India’s Durgapur facility demerger voting update, which was announced after the company’s Q4 results for the financial year ended 2025-26.

GE Power final dividend record date

GE Power India’s board of directors on Wednesday evening, July 15, announced the official record date for the company’s final dividend issue for the financial year ended 2025-26, according to an exchange filing.

NSE filings showed that GE Power fixed Friday, July 31, 2026, as the record date to determine the eligibility of the shareholders for the final dividend payment.

The company shareholders will determine the approval of the final dividend payment in the upcoming 34th AGM, scheduled to be held on Friday, August 14, 2026. If approved, every eligible shareholder will receive a dividend payment of ₹7 per share for every share they own in GE Power, up to one day ahead of the record date of the corporate action.

The company recommended a ₹7 per share final dividend with a face value of 10 apiece.

GE Power also disclosed that the dividend payment will be made within the prescribed timeline, subject to the deduction of tax at source, as applicable.

Durgapur facility demerger

GE Power India is looking to demerge its Durgapur business, citing that the facility is witnessing ‘significant underutilization’ and the vertical is incurring ₹27 crore of average loss per year.

“For the past years, the factory’s utilisation has been limited to service work and non-coal activities. In the last two years (2023-2025), there has been a significant underutilization of Durgapur’s capacity, ₹27 crore average loss per year booked in GEPIL,” GE Power informed the stock exchange.

JSW Energy is in the process of buying the facility, aiming to ensure optimal utilisation in view of the Indian industry's power demand, according to an earlier exchange filing. The scheme of arrangement for the Durgapur business unit demerger needs to be sanctioned by the NCLT.

As per the deal, the unsecured creditors started the e-voting process for the arrangement on Thursday, July 16, and the window for voting will remain open till Sunday, July 19, 2026. NCLT will hold a meeting for the same decision on July 20, 2026.

How have GE Power shares performed?

GE Power shares have delivered more than 144% returns to investors in the last five years, 417% gains in the last three years, and over 165% returns on investments in the past one-year period, according to NSE data.

On a year-to-date basis, the company’s stock has gained 153% in the current calendar year.

However, the shares have lost 19% in the last one month, and were trading 4% lower in the last five market sessions on the NSE.

The company’s market capitalisation (m-cap) was at ₹5,558 crore as of the trading session on Thursday, July 16, 2026.