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GE T&D Bags Orders Worth €155 Million

12 September 20243 mins read by Angel One
GE T&D, one of GE's listed companies, and GE Power India Limited received orders totaling €155 million, according to information updated to exchange filings on Wednesday
GE T&D Bags Orders Worth €155 Million
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Leading the energy industry in the nation, GE has excellent engineering, manufacturing, project management, and product and solution supply capabilities for power generation and transmission infrastructure needs. Listed on Indian stock exchanges are two of GE’s subsidiaries: GE Power India Limited and GE T&D India Limited, having extended their operations into new markets and regions. In India, GE’s Grid Solutions division is listed as GE T&D. GE T&D India has been a major player in the power transmission and distribution industry in India for more than a century. The company provides utilities with the resources they need to quickly meet the surge in demand by offering a flexible and reliable range of solutions for connecting and evacuating power from generation sources onto the grid. GE T&D India offers medium voltage to ultra-high voltage (1200 kV) products for the transmission, distribution, and power generation industries. Throughout the entire power supply chain, GE T&D India is a major player. It provides a vast array of products and related services, such as flexible AC transmission systems (FACTS), high voltage DC (HVDC), maintenance support, digital software solutions, gas-insulated switchgear, instrument transformers, power transformers, circuit breakers, and substation automation equipment. GE T&D India has five manufacturing locations, so it is well-positioned to handle the industry’s expanding need for grid services and equipment. In order to improve the intelligence, resilience, and environmental friendliness of the Indian grid, GE is concentrating on introducing digital and green solutions.

The stock of Ge T&D India Ltd. is up almost 1%:

Following receipt of a €155 million order, the shares of Ge T&D India Ltd. are currently trading at Rs. 1729 apiece.

GE T&D India Limited got order worth of €155 million:

As per the exchange filings on Wednesday, GE T&D India Ltd. has received orders for the supply of high-voltage products from Grid Solutions SAS, France, and Grid Solutions Middle East FZE, Dubai.

The business was hired by Grid Solutions Middle East for an international contract worth €55 million, which could take up to five years to finish. The company was hired by Grid Solutions SAS for an international contract valued at €100 million, which is expected to be finished by 2029. The group company has placed the order, and these goods will be used in the project’s overall execution.

Conclusion: GE T&D India Limited’s global expansion will help the business increase sales.

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.

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