Synopsis:
The shares of this power company were in the spotlight today after a global banking leader and a hedge fund group sold about 52.48 lakh shares collectively in a large bulk deal.
The shares of this company, which is the listed entity of GE’s Grid Solutions business in India and is engaged in the power transmission and distribution business, which provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid, were in focus today after a bulk deal that took place where two investment giants sold a stake in the company.
With the market cap of Rs 73,955 crore, the shares of GE Vernova T&D India Ltd reached a high of Rs 3,012 compared to its previous day closing price of Rs 2,865.75, giving a jump of about 5% in today’s trading session. The shares have given a return of 2,794% in the last 5 years and are trading at a PE of 79.8, whereas its industry PE is 47.1.
About the bulk deal
BNP Paribas Financial Markets made the larger move in GE Vernova T&D India, selling 38.3 lakh shares at Rs 2,866.23 apiece, amounting to a substantial Rs 1,098 crore. As a major global institutional investor, BNP often takes such decisions as part of broader portfolio reshuffling. This sale, therefore, looks more like a strategic reallocation of funds rather than a comment on the company’s performance.
Integrated Core Strategies (Asia) also trimmed its position, offloading 14.18 lakh shares at Rs 2,869.13 per share for Rs 406.86 crore. Being a hedge-fund-linked trading entity, ICS typically works with shorter investment cycles and moves in and out of positions based on market timing. Its exit appears to be a routine trading decision, aligning with its active-management style rather than any fundamental shift in outlook for GE Vernova T&D India.
As both of these transactions might be portfolio reshuffling and short-term investment cycle adjustments, this did not affect the shares in a negative notion but instead helped the shares jump 5%.
Financials and others
The revenue from operations is at Rs 1,538 crore in Q2 FY26 versus Rs 1,108 crore in Q2 FY25, which is an increase of about 39 per cent YoY. Similarly, the net profit increased by about 106 per cent when we compare the Q2 FY25 profit of Rs 145 crore with the Q2 FY26 profit of Rs 299 crore.
In Q2FY26, the company delivered a strong performance with Rs 1,606.1 crore in new orders, most of which came from the domestic market, which is 83%, and the remaining 17% came from exports.
The overall outlook remains encouraging with an impressive Rs 13,105 crore order book in hand. A large chunk of this comes from private projects, which are at around Rs 8,982 crore; from central utilities comes 29% at around Rs 3,758 crore, and state utilities contribute 3% at around Rs 355 crore—highlighting the company’s strong positioning in public infrastructure.
GE Vernova T&D India Limited, formerly known as GE T&D India, is the listed arm of GE Vernova’s Grid Solutions business in India. With a legacy of more than 100 years in the country, the company is a major player in the power transmission and distribution space. It provides a wide range of solutions that help utilities connect and evacuate power from various generation sources efficiently, ensuring the grid can meet rising electricity demand.
The company’s portfolio spans products from medium-voltage equipment to ultra-high-voltage systems going up to 1200 kV, catering to power generation, transmission and distribution requirements. Its long-standing presence, deep engineering capabilities and strong role in strengthening India’s grid infrastructure make it a key contributor to the nation’s evolving energy ecosystem.
Written by Leon Mendonca
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