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The Hindu Business Line

GE Vernova T&D India shares rise 8.77% after winning Power Grid HVDC L1 bid

AI Market Summary
GE Vernova T&D India rallied after being named L1 bidder for a major 6,000 MW, 800 kV HVDC project by Power Grid. Brokerages upgraded growth assumptions, citing an estimated ₹13,000 crore order value and stronger medium-term earnings visibility, with revenue recognition expected later in the cycle. The news is equity-specific and does not materially shift broader macro or crypto market risk conditions.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.24%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Shares of GE Vernova T&D India rose 8.77% to ₹4,750 on September 8 after the company was named the L1 bidder by Power Grid Corporation of India for an HVDC transmission project. The order covers the design and execution of a 6,000 MW, 800 kV converter station to evacuate renewable power from Rajasthan’s Barmer II renewable energy zone to South Kalamb. Brokerages upgraded their growth outlook for the stock, projecting a 31% CAGR in profit after tax from FY26 to FY29.
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