GE Vernova T&D India Limited is the listed entity of GE Vernova's Grid Solutions business in India. With over 100 years of presence in India, GE Vernova T&D India Limited is a leading player in the power transmission and distribution business. The company is a part of the GE Vernova group, a global energy company that includes the Power, Wind, and Electrification segments. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with over 75,000 employees across more than 100 countries.
The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. GE Vernova T&D India Limited offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution industry.
The company operates with a comprehensive product and service portfolio designed to serve the entire power transmission and distribution value chain. GE Vernova T&D India Limited has a predominant presence in all stages of the power supply chain and offers a wide range of products and related services that include power transformers, circuit breakers, gas insulated switchgears, instrument transformers, substation automation equipment, digital software solutions, turnkey solutions for substation engineering and construction, Flexible AC Transmission Systems (FACTS), High Voltage DC (HVDC) and maintenance support.
With 5 manufacturing sites, GE Vernova T&D India Limited is future ready to meet the industry's growing demand for grid equipment and services. The company has established itself as a comprehensive solution provider, offering not just equipment but also engineering expertise, project management capabilities, and after-sales support services.
The company continues to strengthen its manufacturing footprint in India. GE Vernova today announced plans to invest approximately USD $16 million in India to expand its electrification manufacturing and engineering footprint—specifically, advanced grid technologies that enable stable, reliable, and secure delivery of electricity. The investment will be made by GE Vernova T&D India Limited (NSE: GEV T&D), the listed entity of GE Vernova's Electrification business in India and includes the development of a new manufacturing line at its existing facility in Chennai (Pallavaram) and a new facility in Noida.
These new expansions will focus on High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS)—technologies that help stabilize power grids, reduce transmission losses, and make it easier to connect renewable energy like solar and wind. These systems are critical for getting renewable energy from where it's generated—often in remote areas—to where it's needed most: cities, industries, and communities.
The company has demonstrated strong financial performance in recent quarters. For the full year,net profit rose 236.00% to Rs 608.33 crore in the year ended March 2025 as against Rs 181.05 crore during the previous year ended March 2024. Sales rose 35.49% to Rs 4292.30 crore in the year ended March 2025 as against Rs 3167.91 crore during the previous year ended March 2024.
Recent quarterly results show continued momentum with Net profit of GE Vernova T&D India rose 181.32% to Rs 186.49 crore in the quarter ended March 2025 as against Rs 66.29 crore during the previous quarter ended March 2024. Sales rose 26.15% to Rs 1152.54 crore in the quarter ended March 2025 as against Rs 913.60 crore during the previous quarter ended March 2024.
- Revenue FY25: Rs 4,292.30 crore
- Net Profit FY25: Rs 608.33 crore
- Market Cap: Rs 62,346 crore (as of June 2025)
- Promoter holding: 51.00% as of March 2025
The company has been actively securing significant orders from major utilities. GE Vernova T&D India has received an order worth Rs 500 crore from Power Grid Corporation of India for supply and installation of 765kV class transformers & reactors. This demonstrates the company's strong market position and the confidence utilities place in its technological capabilities.
Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India Limited, said, "We delivered a solid second quarter, delivering continued revenue growth, significant margin expansion, and substantial cash generation. We have secured a record high order backlog, which positions the company for strong revenue growth in the coming years.
The company is positioning itself at the forefront of grid modernization and digitalization initiatives. GE Vernova is focused towards introducing green and digital solutions aimed at making the Indian grid smarter, resilient and environment friendly. This strategic focus aligns with India's broader energy transition goals and the increasing integration of renewable energy sources into the national grid.
The company's investment in advanced technologies like HVDC and FACTS systems positions it well to capitalize on the growing demand for grid stability solutions as India continues to expand its renewable energy capacity. These technologies are essential for managing the variability of renewable energy sources and ensuring reliable power delivery across long distances.
These expansions are expected to enhance the ability of GE Vernova T&D India Limited to manufacture and test key next-generation equipment used in modern transmission systems, supporting both India's energy transition and export demand from other fast-growing economies. The company's strategic positioning in the electrification segment, combined with its strong order backlog and expanding manufacturing capabilities, positions it well for sustained growth in the evolving energy landscape.
The company's debt-free status and improving operational metrics, including debtor days improved from 165 to 125 days, demonstrate strong financial management and operational efficiency. With India's continued focus on infrastructure development and grid modernization, GE Vernova T&D India Limited appears well-positioned to capitalize on the substantial opportunities in the power transmission and distribution sector.
