GE T&D India Ltd. has announced a significant contract win from Power Grid Corporation of India Ltd., valued at 490 crore. The order encompasses the supply, installation, testing, commissioning, and maintenance of SCADA/EMS control centres, vital components in modern power systems. These control centres function as the operational core, monitoring and adjusting the power system’s condition, coordinating its movements, and providing a defence against external disruptions. The SCADA system is an on-premise solution, ensuring that all control and data storage are managed on physical servers.
GE T&D India is expected to complete the supply, erection, and commissioning by January 2026. The total value of the order, excluding the 18% GST, underscores the company’s expanding role in India’s power infrastructure sector. Earlier this month, GE T&D India secured another significant order worth €64 million from its group company, Grid Solutions SAS, France. This contract involves the supply and supervision of high voltage products and is set to be executed over a two-year period. Additionally, Grid Solutions Middle East FZE, Dubai, placed a €26 million order with GE T&D India for similar high voltage products, also to be delivered within two years.
The shares of GE T&D India remained relatively unchanged last Friday, closing at 1,688. Despite this, the stock has seen a substantial increase of 219% this year, reflecting a strong market performance. The stock reached an intraday high of 1,710 on Friday, nearing its previous peak of 1,720. It is currently in Stage 4 of the long-term Additional Surveillance Measure (ASM) framework. Under the Stage 4 ASM framework, settlements are conducted on a gross basis with a 100% margin requirement for all clients. A price band of 5% is applied, and each trade is settled individually without netting off against other trades, necessitating full upfront margin payments.
These recent orders highlight GE T&D India’s growing influence and capability in the high-stakes power infrastructure sector. The company’s ability to secure large contracts and its impressive stock performance signal robust growth and a strong market position. The successful execution of these projects will further solidify its reputation and expand its footprint in the global power transmission and distribution landscape.
