GE T&D India secures two supply orders worth €90 million; stock rallies 5%

In an exchange filing dated July 3, GE T&D India said it received an order worth €64 million (₹577 crore approximately) from Grid Solutions SAS, France, for the supply and supervision of high voltage products. The order is to be executed within two years from the date of receipt.

In a separate release, the company informed the exchanges that it has bagged a contract worth €26 million (₹234 crore) from Grid Solutions Middle East FZE, Dubai. As part of the contract, GE T&D India will supply and supervise high-voltage products to Grid Solutions Middle East FZE for two years.

Shares of GE T&D India Ltd opened the day's trade at ₹1720.95, up by 5% from the previous close of 1639. The stock ended the trading session 4.21% higher at ₹1707.95 per piece on NSE.

GE T&D India Ltd’s stock has been on an upward trend, gaining as much as 11.11% in five trading sessions and 20.26% in the last month. The stock has doubled investors’ money in the past six months, rallying more than 182%.

GE T&D India is one of the major players in the power transmission and distribution business in India. The company offers solutions for connecting and evacuating power from generation sources onto the grid. Its range includes medium-voltage to ultra-high-voltage (1200 kV) products for industries such as power generation, transmission, and distribution. The company has five manufacturing sites in India.