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GE Vernova T&D India Selected as L1 Bidder for Power Grid’s 6000 MW HVDC Project

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GE Vernova T&D India Selected as L1 Bidder for Power Grid’s 6000 MW HVDC Project

GE Vernova T&D India Limited — New Order · GVT&D

Project Capacity

6000 MW

HVDC Terminal

Market Cap

₹1,11,398 Cr

Large Cap

Revenue TTM

₹6,712 Cr

As of June 2026

1-Year Return

58.27%

Stock Performance

! Key Highlights

  • Identified as L1 bidder for the design and establishment of a ± 800 kV HVDC LCC Terminal Station
  • Total project capacity stands at 6000 MW, consisting of two 3000 MW units
  • Infrastructure aimed at evacuating renewable power from Barmer II to South Kalamb
  • Order awarded by domestic utility giant Power Grid Corporation of India Limited
  • Project execution timeline scheduled over a period of multiple years

GE Vernova T&D India Limited has been announced as the lowest bidder (L1) for a major high-voltage project by Power Grid Corporation of India. The project involves establishing a 6000 MW HVDC Terminal Station for renewable power evacuation.

What Is the Order?

GE Vernova T&D India has been identified as the lowest (L1) bidder by Power Grid Corporation of India Limited for a landmark infrastructure project. The contract involves the design and establishment of a 6000 MW, ± 800 kV High Voltage Direct Current (HVDC) Line Commutated Converter (LCC) Terminal Station. This project comprises two 3000 MW units and is designed to facilitate the evacuation of renewable energy from Barmer II to South Kalamb.

The project scope includes the design, supply, and execution of the terminal station, with the implementation period expected to span several years.

Client Profile: Power Grid Corporation

  • Power Grid Corporation of India Limited (Power Grid) is a Maharatna Central Public Sector Enterprise.
  • It serves as the largest electric power transmission utility in India, managing the bulk of the country's interstate transmission system.
  • The entity is responsible for planning, implementation, and operation of the National Grid.
  • Power Grid plays a central role in the Indian government's mission to integrate large-scale renewable energy into the national power system.

Business Impact

Securing the L1 status for such a massive HVDC project significantly bolsters GE Vernova T&D India's order pipeline and reaffirms its leadership in high-voltage transmission technology. HVDC projects are technologically intensive and represent a high-value segment within the power equipment industry. By facilitating renewable energy evacuation, the company aligns itself with India’s long-term green energy goals, potentially opening doors for similar large-scale grid integration projects.

The multi-year execution timeline ensures steady revenue recognition, providing long-term financial visibility as the company executes this critical component of the national power grid infrastructure.

Business Overview

GE Vernova T&D India Limited, formerly known as GE T&D India, is a key player in the Indian power transmission and distribution sector. The company provides a comprehensive range of solutions, including power transformers, circuit breakers, and gas-insulated switchgear. It serves utility, industrial, and infrastructure customers across the country.

With the global transition toward decarbonization, GE Vernova focuses on advanced grid solutions that enable the integration of renewable energy sources. Its technical expertise in HVDC and automation technologies positions it as a vital contributor to the modernization of India’s electrical grid and industrial machinery landscape.

GE Vernova T&D India Limited — Financial Snapshot

BSE: 522275 · NSE: GVT&D · General Industrials

Current Market Price ₹4350.7 per share
Market Capitalisation ₹1.11L Cr BSE Listed
Revenue (Annual) ₹6,206.31 Cr Operating
Net Profit (Annual) ₹1,233.25 Cr Consolidated
P/E Ratio (TTM) 85.36× Sector: 55.62×
Promoter Holding 51% 0.00% QoQ
FII Holding 22.89% Current Qtr

Source Verified

Exchange filing by GE Vernova T&D India Limited announcing its selection as the L1 bidder for a 6000 MW HVDC project by Power Grid. Financial metrics from Trendlyne.

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