GE T&D India Share Price Surges to 52-Week High After Power Grid Order Win

"GE T&D India announces that it has secured orders from Power Grid Corporation of India to build a state transmission asset management centre in Odisha for OPTCL," the statement said. According to the company, the objective of the Centre is to enhance the efficiency, reliability, and resilience of OPTCL's grid operations through real-time monitoring and control. GE T&D India aims to deliver a complete turnkey solution that encompasses several hundred OPTCL substations through this initiative.

Upon completion, the substations are intended to be managed remotely using sophisticated grid software solutions. These include Supervisory Control and Data Acquisition, Video Monitoring System, Remote Accessibility System, and Automated Fault Analysis System, all of which are to be installed at four different sites throughout Odisha.

“We are thrilled to have been selected for this important project in Odisha, which represents a major milestone in India’s journey towards decarbonization and net zero grids. Our innovative STAMC will help empower PGCIL and OPTCL to optimize their grid operations, continue to integrate renewable energy sources more effectively and ultimately contribute to a smarter, resilient and more sustainable grid for the future,” said Sandeep Zanzaria, MD & CEO of GE T&D India.

In February 2024, the company secured orders worth approximately ₹370 crores from Power Grid Corporation of India (PGCIL) for the supply of 765 kV Shunt Reactors for PGCIL’s various transmission system projects in India.

The sophisticated capabilities of the STAMC are anticipated to strengthen the grid infrastructure of Odisha, facilitating more effective control and faster fault response. This initiative is in line with India's wider strategy to incorporate renewable energy sources and update the national power grid. With the technology provided by GE T&D India, the Odisha grid is set to handle future needs and support a more sustainable energy framework.

GE T&D India Limited is one of the leading player in the Transmission & Distribution of power, with a product portfolio ranging from Medium Voltage to Ultra High Voltage for Power Generation, Transmission and Distribution, Industry and Infrastructure markets. GE T&D India is a listed entity of GE Vernova's electrification business in India.

GE T&D India will be responsible for providing the complete equipment package, including design, engineering, manufacturing, testing, erection and commissioning of the reactors at the designated transmission substation sites.