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Business Standard

GE Vernova T&D India set for about ₹13,000 crore HVDC win in Barmer II–South Kalamb project

AI Market Summary
GE Vernova T&D India's L-1 status for the Barmer II–South Kalamb HVDC project (estimated ~₹13,000 crore contract within a ~₹25,000–26,000 crore scheme) materially lifts order inflows and improves multi-year revenue visibility, though revenue recognition is likely only from late FY28/FY29. The win reinforces HVDC credentials, supports planned capacity expansion capex, and may help accelerate exports amid supply-chain shifts, partially offset by high valuation sensitivity.
Impact level
● Medium
Affected assets
NCSIGER2USD/USDT+0.45%
AI Insight · NCSIGER2USD/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.
GE Vernova T&D India has secured L-1 status for the Barmer II–South Kalamb high-voltage direct current (HVDC) transmission project, with the order estimated at about ₹13,000 crore. The win is expected to lift order inflows to around ₹23,100 crore, close to four times its FY26 revenue. Revenue recognition is seen starting around FY29, or possibly in late FY28. Before the order, the stock was estimated to be trading at over 72 times FY27 earnings and around 60 times FY28 earnings.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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