"GE T&D Secures Orders from Power Grid Corporation, Sparks Share Price Surge"

GE T&D India Ltd witnessed a substantial increase in its shares, rising by 4.99%, following its successful bid for orders worth approximately ₹500 crore from the Power Grid Corporation of India (PGCIL). These orders are related to the supply of 765 kV Power Transformers and Shunt Reactors, designated for transmission system projects, with a primary focus on Rajasthan.

Sandeep Zanzaria, the Managing Director and CEO of GE T&D India, shared, "To date, we have successfully manufactured and supplied over 600 transformers and reactors of 765 kV class at our power transformer facility in Vadodara, Gujarat, to customers in India and abroad."

This endeavor aligns with the objective of integrating renewable energy sources into India's national grid and bolstering electricity transmission capabilities across the nation. GE T&D India will be responsible for the design, manufacturing, and supply of the equipment, which is slated for delivery between early 2024 and 2025. This development marks a significant step towards enhancing India's power infrastructure and facilitating the seamless incorporation of renewable energy resources into the grid.

HBL