GE Vernova T&D India: New order inflow up 52 per cent in Q2FY27

Corporate Performance

T&D India
October 31, 2026

GE Vernova T&D India Ltd has reported a 52 per cent year-on-year jump in new order inflows during the second quarter (Q2: July to September) of FY27.

In a release, GE Vernova T&D India said that new order inflows in Q2FY27, at Rs.24.4 billion, were 52 per cent higher than the comparable Rs.16.1 billion in Q2FY26. Domestic orders accounted for 79 per cent of the Q2FY27 order inflow.

Key order wins in Q2FY27

400kV generator transformers and 420 kV GIS package for a major 1,500 MW pumped storage hydro project in Maharashtra.
800kV and 420kV GIS packages for a transmission project in Andhra Pradesh.
400kV reactors and 420/220kV GIS package for a TBCB transmission project in Himachal Pradesh.
765kV shunt reactors (110 MVAR & 80 MVAR) for a TBCB transmission project in Andhra Pradesh.
Multiple orders for export of AIS/GIS equipment to North America, Europe, Middle East and Africa.
Multiple orders for supply of Grid Automation packages from state utilities, EPCs for transmission and data center projects.

Successful commissioning in Q2FY27

400kV GIS bays along with power transformer for NEA Barhabise Site in Nepal.
400kV GIS and 220 kV AIS bays for GETCO at Babarzar in Gujarat.
765kV ICTs and shunt reactors at Powergrid Dausa, Khavda, Bidar sites.
765kV generator transformer at NUPPL (Neyveli Uttar Pradesh Power Ltd) Ghatampur site.
SCADA Supported Advanced Distribution Control Center for the Western Province of Ceylon Electricity Board

Strong momentum

Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India Limited, said, “We had another quarter of significant orders and revenue growth as well as EBITDA margin expansion. We’re seeing strong momentum backed by solid execution across our project portfolio. As India pushes forward on its renewable energy goals, we’re well-positioned to grow alongside that demand and we’re excited about what’s ahead.”

Order backlog

As of September 30, 2026, the company’s order backlog was Rs.214,432 million with private utilities wielding a dominant 78 per cent, followed by Central utilities with 20 per cent. The remaining 2 per cent came from state government entities.

Featured collage relates to key projects commissioned by GE Vernova T&D India Ltd in Q2FY27 (Photo source: GE Vernova T&D India Ltd