GE Vernova to invest Rs 140 crore in India for advanced grid technology expansion
GE Vernova (NYSE: GEV), a global energy manufacturing company, has announced an investment of approximately INR 1,400 million (USD 16 million) in India to expand its electrification manufacturing and engineering capabilities. The investment will be made through GE Vernova T&D India Limited (NSE: GEV T&D), the listed arm of its Electrification business in the country.
The expansion includes the development of a new manufacturing line at GE Vernova's existing facility in Chennai (Pallavaram) and the establishment of a new engineering and testing facility in Noida. Key Details of the Investment: Chennai Expansion : The new line at the existing Chennai facility will manufacture Line Commutated Converter (LCC) HVDC valves and Voltage Source Converter (VSC) STATCOM valves. These are essential components for High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS), which help enhance power grid stability and efficiency.
Noida Facility: A new engineering and testing lab will be set up in Noida to support the design, validation, and control systems for HVDC and FACTS technologies. This lab is scheduled to become operational by the end of 2025.
The Chennai line is expected to begin operations by early 2027.
This initiative supports India's growing demand for advanced transmission systems to integrate renewable energy sources like wind and solar. HVDC and FACTS technologies are designed to improve grid reliability, minimize transmission losses, and facilitate long-distance power transfer.
The investment is part of GE Vernova's global capital expenditure plan of approximately USD 4 billion through 2028 and aligns with its 'Asia for Asia' strategy, which aims to strengthen regional manufacturing capabilities and improve supply chain resilience. It also contributes to India's renewable energy development goals under the 'Make in India' initiative.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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