Company Disclosures

GE Vernova T&D India Limited (formerly GE T&D India Limited) submitted an investor presentation for meetings scheduled from September 21-23, 2026, in Mumbai. This submission follows their previous intimation letter dated September 16, 2026.

Financial Performance

  • Q1 FY2026-27 cash generation: ₹4.3 billion
  • Available cash balance: ₹29.3 billion (includes lending to LM Wind Power Blades (India) Private Limited as part of Cash Pool arrangement)
  • Revenue growth: >45% year-over-year
  • Profitability drivers include higher exports, better product mix, and increased share of private sector customers

Market Opportunity Analysis

  • India's renewable energy transmission investment: $65 billion (2026-30) and $88 billion (2031-35)
  • Average annual investment: >$15 billion
  • Company's addressable market: ~$8.5 billion per year
  • Market CAGR: +10.6%
  • High growth opportunities in data center market, HVDC (7 new projects expected by 2030), STATCOM opportunities, grid automation, cybersecurity, and conventional market growth fueled by renewable evacuation requirements

Capacity Expansion Plan

Fresh investment of approximately ₹10 billion in phased capacity expansion:

  • Vadodara: 50% increase in Transformer & Reactor capacity with ₹8.1B capex up to December 2028
  • Hosur: 25% increase in AIS capacity; new lines for Bushings & ACR
  • Padappai: 25% capacity increase for GIS & AIS up to early 2027
  • Pallavaram: New lines for HVDC valves (LCC), VSC-STATCOM valves
  • Noida Sector 63: New Engineering & Test Lab for system design & validation with ₹1.4B capex
  • Vallam: New Plant for AIS 765kV disconnector, GIS GIB components assembly & Dead Tank 362 FK assembly with ₹0.6B capex up to December 2026

Strategic Priorities

  • Strengthen localization, engineering depth and execution credibility in DC networks
  • Qualify Indian factories for Americas, Europe and Middle East growth (targeting new countries in Asia, Middle East and Europe)
  • Bring committed capacity online on time to capture demand
  • Scale GridOS, GridBeats and service-led digital grid solutions
  • Protect competitiveness through leadtime, cost and margin discipline

Technology Portfolio

  • 1200kV capabilities with 800+ units delivered
  • Compact GIS for 72.5 kV to 800 kV applications
  • Instrument Transformer up to 1200 kV
  • HVDC capabilities (LCC & VSC technology)
  • Won 2.5GW Khavda VSC-based HVDC project
  • Won 1GW Chandrapur HVDC LCC-based refurbishment project
  • Commissioned 6GW Champa to Kurukshetra HVDC project
  • Substation Automation Systems (SAS)
  • Asset Performance Management (APM)
  • Substation SCADA & telecontrol
  • 100+ Grid Control Centers units delivered in India
  • Digital Substations & Cybersecurity
  • FACTSFlex, Advanced DERMS, DDLR, GridOS® Software