GE T&D India Lands €64 Million Order for High-Voltage Products

On July 03, 2024, GE T&D India Limited (GETD India), a leading provider of power transmission and distribution equipment, secured a significant new order with a value of€64 million from Grid Solutions SAS, France.

Supplying High-Voltage Products and Expertise

The agreement entails the supply and supervision of high-voltage products. While specific details regarding the products themselves haven’t been disclosed, this order strengthens GETD India’s position as a trusted partner for critical grid infrastructure projects. The company’s expertise in high-voltage solutions is likely to be a key factor in the successful execution of this contract.

Two-Year Project Timeline

The project is anticipated to be completed within a two-year timeframe. This extended timeline suggests a complex and potentially large-scale undertaking. GETD India’s proven track record in managing and delivering on major projects assures its ability to fulfil this contract effectively.

Internal Group Collaboration

It’s important to note that Grid Solutions SAS is a group company of GE T&D India. While this qualifies as a related party transaction, GETD India emphasises that the agreement was conducted at arm’s length, adhering to fair market practices. This transparency helps to maintain trust and good corporate governance.

Looking Ahead: Continued Growth and Industry Leadership

This €64 million order signifies a positive development for GE T&D India. It strengthens the company’s order book and highlights its competitiveness within the high-voltage equipment market. The successful execution of this project will further solidify GETD India’s position as a leading player in the power transmission and distribution sector.

About GE T&D Limited

GE T&D is the listed entity of GE’s Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid. On July 04, 2024, GE T&D shares opened at ₹1,723.55 and touched the day high of ₹1,723.55 at 10:35 AM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.