Synopsis:- Shares jumped up to 3% after securing a Letter of Award for refurbishing a 2×500 MW HVDC project. Strong order wins, a ₹131.1 billion backlog, 39% revenue growth, and planned ₹8,060 million capex further strengthened investor confidence despite short-term price volatility.
The shares of the power transmission company gained up to 3 percent from today’s intraday low after the company bagged a Letter of Award from Power Grid Corporation of India Limited.
With a market capitalization of Rs 72,162.88 crore, the shares of GE Vernova T&D India Ltd were trading at Rs 2,818.35 per share, decreasing around 5.01 percent as compared to the previous closing price of Rs 2,970.40 apiece.
Significant order
According to the company exchange, GE Vernova T&D India Limited has received a Letter of Award from Power Grid Corporation of India Limited on December 17, 2025. The order is for refurbishing the 2×500 MW HVDC Chandrapur back-to-back link. The project includes upgrading HVDC thyristor valves and control and protection systems, and will be executed over multiple years.
Financial & Order Book highlights
The company reported a strong Q2FY26 performance, with revenue rising 39% year-on-year to Rs 1,538 crore, driven by healthy business growth. Net profit more than doubled, surging 106% to Rs 299 crore, reflecting improved operating leverage, cost efficiency, and a sharp improvement in overall profitability.
GE Vernova T&D India reported order intake of ₹16.1 billion in Q2 FY26, compared with ₹46.8 billion in the year-ago period. Despite this moderation, the order backlog remained strong at ₹131.1 billion as of September 2025, up from ₹129.6 billion in June 2025, ensuring healthy execution visibility ahead.
GE Vernova T&D India wins a significant order, which included high-voltage GIS and AIS substations across Gujarat, Karnataka and Maharashtra, along with grid automation packages. The company also secured multiple export orders for AIS/GIS equipment across Europe, North America, the Middle East and Africa.
GE Vernova T&D India has approved a capex investment of Rs 8,060 million to expand manufacturing capacity across multiple facilities. The plan includes over 50% capacity expansion at Vadodara, new production lines at Hosur, and capacity additions for GIS and AIS products. The investment will be executed over three years using internal accruals.
GE Vernova T&D India is a leading power transmission and distribution equipment company, offering advanced solutions across high-voltage substations, transformers, switchgear and grid automation. Backed by global expertise, the company supports India’s energy transition while serving utilities, EPC players and export markets with reliable, technology-driven products.
Written by Abhishek Singh
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