I really appreciate everyone's opinion here. So, summing up the topic with below comments:
"Steam Turbine Generator should always trip (open the Generator Circuit Breaker) after actuation of reverse power under normal stop and loss of prime mover (either due to governor malfunction or actual stop valve closure). So, we should rule out the option to activate low forward power protection"
Now, keeping in view the current settings (mentioned herewith below), is it advisable to reconsider the settings? Also, its important to note that its an old AEG KANIS G20 Model Steam Turbine with Brush Alternator. Both are operational since 1985 or so.
1. Protection Relay SIEMENS SIPROTEC 7UM62 is installed at our Generator Breaker, 02 stages of Reverse Power Protection are enabled in it.
Setpoint: -119.3 kW (-1.57% of 7.6MVA)
Time Delay (with Trip SOV operation): 50 ms
Time Delay (without Trip SOV operation): 5 sec
2. As Steam Turbine Control is entirely a local PLC based (ComAP/intellisys) which also provides some generator protections, so another Reverse power stage with following settings in enabled in that
Setpoint: -182.4kW
Time Delay: 02 sec
As this machine is quite old, I have made its capability curve using MATLAB, you may have a quick look at it to check it the settings are well within safer zone