Latest news with #GEVT&D
Business Standard
14-05-2025
- Business
- Business Standard
GE Vernova to invest Rs 140 cr to enhance its electrification manufacturing capabilities in India
GE Vernova announced plans to invest approximately Rs 140 crore (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 (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 expansions are expected to enhance the ability of GE Vernova T&D India 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. 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.
Business Upturn
14-05-2025
- Business
- Business Upturn
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
