Latest news with #GEVernovaT&DIndiaLimited
Time of India
14-05-2025
- Business
- Time of India
GE Vernova to invest ₹140 crore to expand grid tech footprint in India
New Delhi: GE Vernova on Wednesday announced plans to invest approximately ₹140 crore ($16 million) in India to expand its electrification manufacturing and engineering footprint, with a focus on advanced grid technologies. The investment will be made by GE Vernova T&D India Limited, the listed entity of GE Vernova's Electrification business in India. It includes the development of a new manufacturing line at the company's existing facility in Chennai (Pallavaram) and a new engineering and test lab in Noida. These expansions aim to enhance the ability of GE Vernova T&D India to manufacture and test key next-generation equipment used in modern transmission systems, to support India's energy transition and export demand from other fast-growing economies. The facilities will focus on High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS)—technologies used to stabilize power grids, reduce transmission losses, and enable integration of renewable energy sources such as wind and solar. 'India continues to be a critical part of our global strategy—both for our customers and as a manufacturing hub,' said Johan Bindele, VP of Grid Systems Integration at GE Vernova. 'GE Vernova's Electrification equipment backlog has more than tripled over the past year—driven by strong demand for transformers, switchgear, and grid technologies including HVDC and FACTS. These new expansions are aimed at enhancing our capabilities in the region, helping reduce supply chain dependencies, and allowing us to deliver faster, smarter solutions to customers in India and around the world.' 'With energy demand rising and more renewables being added to the grid, the need for strong, smart, and flexible infrastructure has never been greater,' said Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India Limited. 'Through this investment, we are strengthening our ability to deliver technologies that help utilities move more power, with fewer losses, over longer distances—and do it more sustainably.' The new manufacturing line at the Chennai facility will produce Line Commutated Converter (LCC) HVDC valves and Voltage Source Converter (VSC) Static Synchronous Compensator (STATCOM) valves. LCC is used for long-distance, high-capacity power transmission, while VSC is suitable for connecting renewable energy sources and providing grid stability. In Noida, GE Vernova T&D India will set up a new engineering and test lab to support design and system validation, as well as to supply control systems for real-world grid conditions. The Noida lab is expected to be operational by the end of 2025, and the new manufacturing line at the Chennai facility by early 2027. The investment is part of GE Vernova's broader 'Asia for Asia' strategy and is included within the company's previously announced $4 billion global capex plan through 2028. The strategy focuses on building local manufacturing capacity to serve regional needs and strengthen global supply chains. It also aligns with India's renewable energy goals and promotes domestic production of grid technologies. GE Vernova T&D India currently operates five manufacturing facilities across the country and has been serving the Indian grid for over a century.
Business Upturn
14-05-2025
- Business
- Business Upturn
GE Vernova T&D India shares jump 3% as company announces Rs 140 crore investment to boost electrification manufacturing
By Aman Shukla Published on May 14, 2025, 09:38 IST GE Vernova shares rose 3% following the company's announcement of a significant investment in India to strengthen its electrification footprint. As of 9:35 AM, the shares were trading 2.52% higher at Rs 1,739.20. The company will invest approximately INR 1,400 million (USD 16 million) through its listed Indian arm, GE Vernova T&D India Limited. This move underscores GE Vernova's commitment to supporting India's growing energy infrastructure and aligns with its broader 'Asia for Asia' strategy. The investment will be directed toward two key initiatives. First, the expansion of its Chennai facility to include a new manufacturing line focused on producing LCC HVDC valves and VSC STATCOM valves—critical technologies for high-efficiency power transmission systems. These systems are vital for enhancing grid stability and integrating renewable energy sources across long distances. Second, a new engineering and testing center will be established in Noida. This facility will focus on the design and validation of HVDC and FACTS control systems, with operations expected to commence by the end of 2025. The Chennai manufacturing line is scheduled to be operational by early 2027. This development positions GE Vernova as a strong player in India's energy transition, particularly as the country accelerates its push for clean and reliable power under the 'Make in India' initiative. The announcement comes as part of GE Vernova's broader USD 4 billion global capex plan through 2028, reflecting confidence in India's long-term energy infrastructure demand and the strategic importance of localized manufacturing. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. 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
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
