The shares of indian leading player in the power transmission & distribution infrastructure business are up by 2 percent Intraday after bagging orders to supply over 70 units of 765 kV transformers to POWERGRID.
With a market capitalisation of Rs. 39,919 crores, on Friday, the shares of GE Vernova T&D India Ltd were trading at Rs1554.90, the stock is trading up at Rs 1582.50, close to 2 percent high against the previous closing price of Rs 1,566.10.
What’s the News
GE Vernova T&D India gets orders to supply over 70 units of 765 kV transformers and reactors to POWERGRID for renewable power corridors. The Manufacturing for this order will take place at GE Vernova’s Vadodara site, with deliveries starting in 2026. The 765 kV units that the company is set to supply will support transmission infrastructure for renewable power evacuation projects under India’s Tariff-Based Competitive Bidding (TBCB) framework.
These orders, placed under a bulk procurement strategy, are expected to support high-capacity renewable power corridors in the states of Rajasthan, Gujarat, Karnataka, Tamil Nadu, and Andhra Pradesh. The company will be involved in the supply, erection, testing, and commissioning of the equipment. Manufacturing will be carried out at GE Vernova’s power transformer facility in Vadodara, India. Deliveries are expected to begin in 2026 and continue through the end of 2027.
Ruchir Mayank, Commercial Leader of GE Vernova’s Power Transmission business in India, said, “This is one of the largest order intakes for GE Vernova’s Electrification segment in India and a significant milestone for our Vadodara facility.”
” We are proud to contribute to India’s grid modernization and renewable energy expansion, and we thank POWERGRID for their continued trust in our technology and execution capabilities.”
Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India Limited said “These orders reflect the critical role GE Vernova is playing in advancing India’s transmission infrastructure to support global renewable energy goals” ”As a listed entity in India, we are proud to contribute to national priorities by delivering extra high-voltage technologies that enable cleaner, more resilient power systems”
Financials
The company’s revenues grew by 31.71 percent from Rs. 834.72 crores in Q3FY24 to Rs. 1,099.45 crores in Q3FY25. Its net profits grew by 189.12 percent from Rs. 49.35 crores in Q3FY24 to Rs 142.68 crores in Q3FY25
About the company
GE Vernova T&D India Ltd is the listed entity of GE Vernova’s Electrification business in India. With over 100 years of presence in the country, GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generation sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. GE Vernova T&D India offers products ranging from medium voltage to ultra-high voltage (1200 kV) for the power generation, transmission, and distribution industry.
Written by Likesh Babu S
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