Rs 10,780 crore order book: Transmission & distribution company bags 3 orders in single day worth Rs 500 crore from Power Grid Corporation of India Ltd
The stock is up by 77 per cent from its 52-week low of Rs 801 per share and gave multibagger returns of over 1,200 per cent in 2 years.
GE Vernova T&D India Limited has secured a significant domestic order from Power Grid Corporation of India Limited, valued at approximately Rs 500 crore. This bulk procurement contract entails the supply and installation of 765kV Class Transformers and Reactors of various capacities, with execution scheduled over a 36-month period. The order, comprising three separate contracts, reinforces GE Vernova's position in the Indian power transmission sector.
GE Vernova T&D India Limited is a publicly traded subsidiary of GE's Grid Solutions business with over a century of experience in power transmission and distribution. The company specializes in connecting power generation sources to the grid, offering a wide range of products and solutions including power transformers, circuit breakers, switchgear, substation automation equipment, digital software, and turnkey substation engineering and construction services. Their portfolio extends from medium to ultra-high voltage (1200 kV) applications, and they also provide advanced technologies like FACTS and HVDC.
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The company has a market cap of over Rs 35,000 crore and working capital requirements have reduced from 38.4 days to 30.1 days. The order book of the company as of December 2024, stands at Rs 10,780 crore. The stock is up by 77 per cent from its 52-week low of Rs 801 per share and gave multibagger returns of over 1,200 per cent in 2 years. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.