GE Vernova T&D India Ltd Share Price – NSE  / BSE

Capital Goods - Electrical Equipment, Small Cap

The order is for the supply and supervision of HV equipment for a TBCB project. This domestic order is scheduled for completion within two years.

GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generation sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. It offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission, and distribution industries.

The company’s standalone net profit surged 289.08% to Rs 144.62 crore on a 58.76% jump in revenue from operations to Rs 1,107.77 crore in Q2 FY25 over Q2 FY24.

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GE Vernova T&D India has received an order from Sterlite Grid 32 for supply and supervision of HV Equipment for TBCB Project for more than Rs 400 crore.

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The key equity indices traded with small gains in the morning trade. The Nifty traded above the 24,600 level. IT shares extended gains for the second consecutive trading session.

At 10:26 IST, the barometer index, the S&P BSE Sensex, advanced 92.57 points or 0.11% to 81,601.03. The Nifty 50 index added 26.80 points or 0.11% to 24,645.80.

In the broader market, the S&P BSE Mid-Cap index rose 0.10% and the S&P BSE Small-Cap index added 0.05%.

The market breadth was positive. On the BSE, 1,989 shares rose and 1,635 shares fell. A total of 178 shares were unchanged.

Buzzing Index:

The Nifty IT index advanced 1.14% to 45,342.75. The index rallied 1.14% in two consecutive trading sessions.

Infosys (up 1.89%), LTIMindtree (up 1.66%), Mphasis (up 1.3%), Wipro (up 1.28%), HCL Technologies (up 1.2%), Tata Consultancy Services (up 0.71%), Persistent Systems (up 0.33%), L&T Technology Services (up 0.32%), Coforge (up 0.02%) advanced.

On the other hand, Tech Mahindra (down 0.64%) edged lower.

Stocks in Spotlight:

GE Vernova T&D India rose 0.42%. The company announced that it has received an order worth Rs 400 crore from Sterlite Power for supply of power transformer.

Datamatics Global Services (DGSL) added 0.81%. The company said that its material subsidiary, Lumina Datamatics has signed a definitive agreement to acquire a controlling stake in TNQTech, a Chennai-based publishing technology and services company.

Bharat Electronics (BEL) rose 0.08%. The company announced that it has received additional orders worth Rs 634 crore since the last disclosure on 8 November, 2024.

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GE Vernova T&D India has received an order from Sterlite Power for supply and supervision of 765KV Power Transformers& Reactors for Khavda. The contract is valued at Rs 400 crore.

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