Latest news with #SandeepZanzaria
Business Standard
26-05-2025
- Business
- Business Standard
GE Vernova hits the roof after Q4 PAT soars 181% YoY to Rs 187 cr
GE Vernova T&D India hit an upper circuit of 10% at Rs 2,072.70 after the company's standalone net profit surged 181.3% to Rs 186.50 crore on a 26.15% jump in revenue from operations to Rs 1,152.54 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) grew sharply by 153.13% to Rs 256.12 crore in Q4 FY25, against Rs 101.18 crore in the corresponding quarter last year. EBITDA stood at Rs 252.1 crore, marking a 127.12% jump from Rs 111 crore reported in Q4 FY24, driven by higher operational efficiency and robust execution. Order bookings during the quarter stood at Rs 2.99 crore, more than doubling from Rs 1.33 crore in the year-ago quarter a growth of 124%. On a full-year basis, the company's net profit surged 236% to Rs 608.33 crore on a 35.9% rise in revenue to Rs 4,292.30 crore in FY25 over FY24. Sandeep Zanzaria, managing director & CEO, GE Vernova T&D India, said, Our robust performance in FY24-25 with a strong order book and significant margin expansion reflects continued robust demand for our technology as India modernizes its power infrastructure. It also speaks to our unwavering commitment to operational efficiency and the significant potential we have for business growth. As we enhance our electrification manufacturing and engineering capabilities, we are firmly positioning the company to contribute significantly to building a more reliable and modern grid for India. Meanwhile, the board has recommended a final dividend of Rs 5 per equity share (250% on a face value of Rs 2) for the financial year ended 31 March 2025, subject to shareholder approval at the forthcoming annual general meeting (AGM). If approved, the dividend will be paid or dispatched within 30 days from the date of the AGM. 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 the power generation, transmission, and distribution industry.
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Business Standard
26-05-2025
- Business
- Business Standard
GE Vernova T&D India freezes in 10% upper limit today; key details inside
GE Vernova T&D India share price: Electric services company GE Vernova T&D India shares were in demand on Monday, May 26, 2025, with the stock hitting 10 per cent upper circuit at Rs 2,072.70 per share. What sparked the rally in GE Vernova share price? GE Vernova T&D India share price climbed after the company posted strong results in the March quarter of financial year 2025 (Q4FY25). The company's profit after tax (PAT) nearly tripled to Rs 186.5 crore in the March quarter of FY25, from Rs 66.3 crore in the March quarter of FY24. GE Vernova T&D India's revenue stood at Rs 1,150 crore, up 26 per cent year-on-year (Y-o-Y), from R 910 crore in the same quarter last year. Notably, its order bookings climbed 124 per cent Y-o-Y to Rs 2,990 crore, Rs 1,330 crore in Q4FY24. 'Our robust performance in FY25 with a strong order book and significant margin expansion reflects continued robust demand for our technology as India modernizes its power infrastructure. It also speaks to our unwavering commitment to operational efficiency and the significant potential we have for business growth. As we enhance our electrification manufacturing and engineering capabilities, we are firmly positioning the company to contribute significantly to building a more reliable and modern grid for India,' said Sandeep Zanzaria, managing director and CEO of GE Vernova T&D India. GE Vernova T&D India dividend GE Vernova T&D India Board of Directors has recommended a final dividend at 250 per cent i.e. Rs 5 per equity share (face value of Re 2 each) for the financial year 2025, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company. About GE Vernova T&D India GE Vernova T&D India Ltd is the listed entity of GE Vernova's Electrification segment in India. With over 100 years of presence in the country, 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 generations sources onto the grid, and a wide range of products including power transformers, circuit breakers, gas-insulated switchgear, instrument transformers, substation automation, digital software solutions, turnkey substation solutions, FACTS, HVDC, and maintenance support. With five manufacturing sites, GE Vernova T&D India is future ready to meet the industry's growing demand for grid equipment and services.
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.
Time of India
14-05-2025
- Business
- Time of India
GE Vernova to invest Rs 140 crore to expand manufacturing in India
GE Vernova on Wednesday announced plans to invest Rs 140 crore through its listed Indian arm, GE Vernova T&D India, to expand its manufacturing footprint in the country. The investment aims to meet the growing demand for advanced grid infrastructure. The expansions are expected to enhance the ability of GE Vernova T&D India Ltd 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, a company statement said. The investment plans will help GE Vernova to expand its electrification manufacturing and engineering footprint in India, specifically, advanced grid technologies that enable stable, reliable, and secure delivery of electricity, according to the statement. The investment will be made by GE Vernova T&D India Ltd, 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. The new expansions will focus on High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS) technologies, which help stabilise power grids, reduce transmission losses, and make it easier to connect renewable energy like solar and wind. Live Events These systems are critical for getting renewable energy from where it's generated, often in remote areas, where it's needed most -- cities, industries, and communities. "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. "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. The new manufacturing line at the existing Chennai facility will produce Line Commutated Converter (LCC) HVDC valves and Voltage Source Converter (VSC) Static Synchronous Compensator (STATCOM) valves. These valves are key components of advanced HVDC and FACTS systems. LCC is typically used for long-distance, high-capacity power transmission, while VSC is more 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 for these solutions, as well as supply control systems ensuring quality and performance in 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. As part of GE Vernova's previously announced USD 4 billion cumulative capital expenditure plan through 2028, this investment is part of the company's broader "Asia for Asia" strategy. The initiative aims to build localised manufacturing capacity to better serve regional needs while contributing to global supply chain resilience. It also supports India's ambition to become a renewable energy leader by expanding access to "Make in India" technologies that power everything from homes to factories with more efficiency and less environmental impact. GE Vernova T&D India currently operates five manufacturing facilities across the country and has served the Indian grid for over 100 years.
