Shares of GE Vernova T&D India Ltd surged 4% on 5 March after the company announced receiving three orders from Power Grid Corporation worth around Rs 500 crore.
The order calls for the supply and installation of reactors and 765kV class transformers through bulk purchase, which has to be completed in a period of 36 months.
GE Vernova T&D India is a key player in the power transmission and distribution sector, delivering a comprehensive range of solutions for efficiently connecting and evacuating power from generation sources to the grid.
The company equips utilities with the necessary tools to quickly adapt to rising energy demands. Its product portfolio spans from medium voltage to ultra-high voltage (1200 kV), catering to the needs of the power generation, transmission, and distribution industries.
The company reported a net profit of Rs 142.68 crore for the quarter ending in December 2024, up from Rs 49.35 crore in December 2023.
The share hit a 52-week high of Rs 2,215.70 on 23 December 2024 and a 52-week low of Rs 801.00 on 20 March 2024.
At 11:27 am, the shares of GE Vernova were trading % higher at Rs 1,390.10 on NSE.
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