GE Power India signed a Leave and License and Contract Manufacturing Agreement with Quality Profiles Private Limited on 20 May 2026.
GEPIL commits INR 18 crore capex for civil works; QPPL invests INR 25 crore for machinery at a Vadodara facility.
The CMA includes a minimum annual purchase commitment of INR 10 crore from GEPIL to QPPL, escalating 7% yearly.
The strategic tie-up establishes a dedicated facility for refurbishing large rotating equipment like steam turbines.