GE T&D India has clinched a significant Rs490 crore contract from Power Grid Corporation for the deployment of SCADA systems, marking a pivotal advancement in bolstering India’s power transmission infrastructure.
SCADA, or Supervisory Control and Data Acquisition, plays a critical role in monitoring and managing the power system’s operations. This on-premise solution operates through a centralized control centre, facilitating real-time adjustments, coordinating movements, and fortifying defenses against external events. According to an exchange filing, GE T&D India aims to complete the supply, erection, and commissioning of the SCADA project by January 2026. The order value excludes GST, which stands at 18% and will be applied accordingly. Earlier this month, GE T&D India secured a related €64 million order from Grid Solutions SAS, France, focusing on high-voltage product supply and supervision over a two-year timeline. Additionally, an order worth €26 million was placed by Grid Solutions Middle East FZE, Dubai, reinforcing the company’s strategic engagements in the global market.
As of July 15, 2024, GE T&D India Ltd’s stock closed at Rs1680, marking a marginal increase of 0.10% from the previous close. Over the past year, the stock has surged by an impressive 573%, reflecting robust investor confidence in the company’s growth trajectory and operational efficiency. GE T&D India, part of GE’s Grid Solutions business in India, boasts over a century of experience in the power transmission and distribution sector. The company’s expansive product portfolio spans from medium voltage to ultra-high voltage solutions (up to 1200 kV), encompassing power transformers, circuit breakers, gas insulated switchgears, and substation automation equipment. With a commitment to green and digital solutions, GE T&D India operates five manufacturing sites strategically positioned to meet the burgeoning demand for grid equipment and services in India. The company’s emphasis on technological innovation aims to enhance grid intelligence, resilience, and environmental sustainability across the nation.
