The shares of GE Vernova T&D India Ltd witnessed a notable rise, climbing over 3% in early trading hours after securing a significant ₹400 crore order from Sterlite Grid 32 Limited. The deal, focused on supplying and supervising high-voltage equipment for a transmission project, adds to the company’s growing list of achievements in the power transmission sector.
Market Reaction and Share Performance
Investors responded positively to the news, with the stock rising as much as 4% at its peak. By mid-morning trading, the shares had settled at ₹2,166.00, reflecting a 2.27% gain from the previous close of ₹2,117.90. With this boost, the company’s market capitalization now stands at an impressive ₹55,459.68 crore.
The market movement is a testament to investor confidence in GE Vernova T&D India’s ability to deliver on large-scale, high-value projects while maintaining operational efficiency.
Behind the Surge: Key Drivers
The ₹400 crore contract with Sterlite Grid 32 Limited is seen as a pivotal moment. The order, involving high-voltage (HV) equipment supply and supervision under a TBCB (Tariff-Based Competitive Bidding) project, reinforces the company’s position as a trusted partner in India’s power infrastructure growth.
This win builds on a series of strategic moves by GE Vernova T&D India, signaling its ability to secure high-value projects in a competitive market.
Financial Performance: A Closer Look
GE Vernova T&D India’s recent financial results underscore its growth trajectory:
- Revenue Growth: From ₹698 crore in Q2FY24 to ₹1,108 crore in Q2FY25, marking a robust 59% increase.
- Profit Surge: Net profit skyrocketed by 291%, leaping from ₹37 crore to ₹145 crore in the same period.
These figures reflect the company’s ability to scale operations efficiently, capturing new business opportunities while maximizing profitability.
Expanding Order Book
The company’s order book paints an equally promising picture:
- Order Backlog: Reached ₹62.8 billion in Q1FY25, a 59% year-on-year (YoY) increase.
- Notable Wins: July 2024 saw ₹13 billion in orders, including major export deals and projects for PGCIL in Ladakh.
Such numbers highlight the company’s consistent ability to secure large-scale contracts, reinforcing its growth outlook.
Efficiency Drives Margins Higher
Efficiency gains have significantly improved the company’s margins:
- Gross Margin: Increased to 40.3% in Q1FY25 from 34.4% in the previous year.
- EBITDA Margin: Rose to 20.2%, compared to just 8.7% in Q1FY24.
Cost optimization, lean processes, and timely project execution have been key to these improvements. Recent project completions, such as the 400 kV transmission line in Sahupuri and substations for TPDDL in Delhi, demonstrate the company’s operational prowess.
Industry Context: Power Transmission Needs Surge
India’s ambitious Viksit Bharat 2047 vision places reliable electricity at the core of national development. This, coupled with the country’s expanding transmission grid, presents significant opportunities for companies like GE Vernova T&D India.
Key trends shaping the sector include:
- Increased investment in transmission and distribution (T&D) infrastructure.
- Rising demand for automation and digital solutions to enhance grid efficiency.
- Growth in data center infrastructure, driving further power requirements.
Future Prospects and Strategy
Looking ahead, GE Vernova T&D India remains optimistic about the sector’s growth potential:
- Power Grid Expansion: Increased capex and project capitalization plans for FY25 and FY26 are expected to drive order inflows.
- Technological Advancement: The company is focusing on advanced digital solutions to support grid management and cater to the evolving needs of data centers.
By maintaining a selective market engagement approach, the company aims to prioritize high-margin projects while avoiding high-risk markets.
About GE Vernova T&D India
GE Vernova T&D India Limited specializes in power transmission and distribution, offering a wide range of products, systems, and project solutions. The company plays a pivotal role in shaping India’s energy infrastructure, contributing to the nation’s sustainable growth and energy efficiency goals.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
