GE T&D India Ltd

GE Vernova T&D India Limited has been declared the L1 bidder by Power Grid Corporation of India Limited for the design and establishment of a 6000 MW, ± 800 kV High Voltage Direct Current (HVDC) LCC Terminal Station. This project is crucial for evacuating renewable power from Barmer II to South Kalamb. The order is for a domestic entity and involves design, supply, and execution over multiple years. The specific value of the order is not disclosed but is described as 'broad consideration or size'. This award signifies a significant business development for GE Vernova T&D India.

Mr. Fabrice Aumont, Non-Executive Non-Independent Director of GE Vernova T&D India Limited, has resigned from the Board. The resignation is effective August 26, 2026, and is due to his relocation to the United States of America. Mr. Aumont cited the time difference and the inability to be fully present and dedicated to the board as reasons for his departure. He expressed gratitude for his two years of service and the productive interactions during his tenure.

GE Vernova T&D India Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, in compliance with SEBI regulations. The report covers standalone disclosures and includes details on the company's business activities, which are primarily focused on the manufacturing and construction of electrical equipment and power transmission infrastructure, accounting for 100% of its turnover. The company serves a diverse customer base across government and private sectors, both nationally and internationally. The report also details employee demographics and mentions Forvis Mazars LLP as the assurance provider for the BRSR.

GE Vernova T&D India Limited has announced its Board of Directors has recommended a final dividend of ₹10.00 per equity share (500%) for the Financial Year 2025-26. The dividend is subject to approval at the Annual General Meeting scheduled for September 9, 2026. The record date for the dividend is August 21, 2026. Dividend payments will be made in electronic mode only. Shareholders are advised that the dividend is taxable, and Tax at Source (TDS) will be deducted at applicable rates based on their residential status and submitted documentation. Specific TDS rates and required forms (like Form 121, lower deduction certificates, self-declarations) are detailed for resident individuals, mutual funds, insurance companies, government entities, AIFs, and other exempt entities.

GE Vernova T&D India Limited reported a strong first quarter for FY 2026-27, with revenue surging 38% year-on-year to INR 18.4 billion. Profit After Tax also saw a significant increase of 25% YoY, reaching INR 3.6 billion. Despite a 30% YoY decrease in order bookings to INR 11.4 billion, the company secured several key orders for CTs, CVTs, GIS, and Grid Automation packages across various geographies and industries. Operational highlights include the successful commissioning of multiple 400 kV and 765 kV bays and GIS projects. The company emphasized its commitment to margin-accretive growth and investments in capex to strengthen capabilities in critical areas like HVDC and transformers to support India's energy transition.

GE Vernova T&D India's standalone Q1 FY27 (quarter ended 30 June 2026, unaudited) revenue rose 38.0% YoY to ₹1,836.1 Cr (₹1,330.1 Cr in Q1 FY26) and 12.2% QoQ (₹1,637.1 Cr in Q4 FY26). Net profit grew 24.7% YoY to ₹363.0 Cr (₹291.2 Cr) and 3.2% QoQ (₹351.8 Cr), with EPS at ₹14.18 versus ₹11.37 a year ago. Both lines topped Street consensus tracked by TradingView (~₹1,733 Cr revenue, ~₹13.14 EPS), and the revenue growth is consistent with management's prior guidance of continued expansion on a robust order backlog — management has not issued a specific numeric growth target, so this reads as a beat on trajectory rather than against a stated figure. Profitability grew slower than revenue and margins compressed on both counts: net margin eased to 19.8% from 21.6% a year ago (21.0% last quarter), and EBITDA margin (PBT plus finance cost and depreciation, over revenue) fell to 27.4% from 29.1% YoY (27.5% QoQ). Even so, 27.4% sits above management's own guided mid-20s EBITDA range from the Q4 FY26 call, so the compression reads as normalisation from an unusually strong year-ago base rather than a guidance miss. There was no exceptional item this quarter, versus a ₹5.7 Cr exceptional credit in Q4 FY26 and a ₹63.6 Cr full-year FY26 charge tied to new labour-code provisioning — the YoY comparison is clean on both sides and reported PAT growth needs no adjustment. The board approved the results alongside notice for the September 9, 2026 AGM. During the quarter the company reported a ₹55 Cr capacity investment (May 2026), consistent with the >₹1,000 Cr capex plan through 2028 flagged on the prior call; a director's tenure ended in late July, after quarter-close. Management's own release frames the quarter as a solid start to the financial year, citing continued capex across HVDC, transformers, GIS, circuit breakers and instrument transformers — consistent with the 38% topline growth, though the release does not put a number on margins or order book. Brokerages (JPMorgan, Motilal Oswal, Emkay) have flagged a strong export mix, including a potential US data-centre-linked HVDC export order, as the driver behind elevated margins and raised target prices, though none of that is confirmed in this filing. Going into Q2 FY27, the key markers are whether EBITDA margin holds in the high-20s as revenue mix shifts further toward exports, and whether the order backlog materialises into the large export wins analysts are pricing in. The company remains single-segment (T&D equipment) with no subsidiaries as of 30 June 2026.

GE Vernova T&D India Ltd has announced the completion of tenure for its Independent Director, Ms. Neera Saggi. Ms. Saggi concluded her second and final term on July 25, 2026, and consequently ceased to hold the position of Independent Director effective July 26, 2026. The company has formally intimated this change as per regulatory requirements.

GE Vernova T&D India Ltd has announced that its Board of Directors will convene on August 5, 2026. The primary agenda item for this meeting is to consider and approve the intimation regarding the board meeting itself. Further details on the specific matters to be discussed beyond this procedural item were not disclosed in the filing.

GE Vernova T&D India Ltd has announced the closure of its trading window. This is a standard corporate action typically implemented before the announcement of financial results or other material information to prevent insider trading. The exact dates for the closure and reopening of the trading window are usually communicated separately. This measure ensures fair disclosure and prevents any potential misuse of unpublished price-sensitive information by company insiders.

Nippon India Mutual Fund has disclosed the sale of 99,864 shares, representing 0.039% of the total share capital, in GE Vernova T&D India Ltd. The sale was conducted through open market transactions. Following the sale, Nippon India Mutual Fund's holding in the company has reduced from 3.2103% to 3.1713%. The total equity share capital of the company remains Rs. 51,20,93,070/-.