GE Vernova T&D India share price jumps 9% on new order win; check details

Shares of GE Vernova T&D opened over 9% higher on Monday morning after the company announced a new order win over the weekend. The shares traded at ₹3,197 apiece on the NSE at 9:20 am on Monday.

GE Vernova T&D India has secured a contract from AESL Projects for the design and establishment of a 2500 MW, ± 500 kV High Voltage Direct Current (HVDC) VSC Terminal Station (2x1250 MW) for the evacuation of renewable power from KPS 3 (Khavda) to South Olpad.

In Q2FY26, the company’s revenue for the quarter jumped 38% YoY to ₹1,538 crore, followed by a sharp jump in net profit at ₹299 crore as compared to ₹145 crore in the same period last year.

According to the CNBC TV-18 report, the project cost is estimated to be at ₹16,000- ₹18,000 crore. In H2FY26, the overall company’s total order intake stood at ₹3,226 crore as compared to ₹5,711 crore in H2FY25. As of Q2FY26, the total orders in hand stood at ₹13,105 crore, comprising 68% of orders from private players.

Earlier, the company secured another order from Power Grid Corporation of India (PGCIL) for the refurbishment of 2x 500 MW HVDC Chandrapur back-to-back link between Northern & Southern part of India. The scope of project includes upgrade of HVDC Thyristor Valves and HVDC Controls & Protection. The order is to be executed over a period of multiple years.

GE Vernova T&D India (Formerly known as GE T&D India) is a leading energy player in the country with strong capabilities in engineering, manufacturing, project management and supply of products and solutions for power generation and transmission infrastructure requirements.