GE Vernova T&D India Ltd witnessed a 75 per cent year-on-year increase in order inflows during the first three quarters (9M: April to December) of FY25.
The new order inflow in 9MFY25 stood at Rs.77,871 million as against Rs.44563 million in the same period of FY24.
New order inflows in FY25 were bolstered by an extraordinary performance in Q2 (July to September) when Rs.46,824 million worth of orders were booked, which account for 60 per cent of the total order inflows in 9MFY25.
In the latest quarter (Q3: October to December) of FY25, new order inflows, at Rs.20,758 million were down 12 per cent from Rs.23,681 million in Q3FY24.
The outstanding order book position, as of December 31, 2024, stood at Rs.107,809 million, dominated by private sector orders with a share of 68 per cent.
Key orders wins in Q3FY25
- 765kV power transformers, shunt reactors and gas insulated switchgear (GIS) to be supplied, installed, and commissioned for renewable energy evacuation from REZ in Gujarat, from Sterlite Grid
- Construction of 400/33kV AIS substation for 1.4 GW solar plant, placed by renewable energy arm of Jindal Group
- 765kV live tank circuit breakers, 765kV current transformers for installation in substation for renewable energy evacuation, from a leading domestic EPC group
- 400kV GIS to be installed in a substation for power transmission in Uttarakhand, placed by an EPC group
- High voltage system products for various 765kV projects of PGCIL, placed by BHEL
Orders commissioned in Q3FY25
- 765kV transformers for PGCIL at Sikar II and Banaskantha substations
- 765 kV shunt reactors for PGCIL at Sikar II and Bhadla II substations
- 765kV generator transformers for Doosan at Jawaharpur
- 400kV GIS and transformers for Indigrid at Patran
- 400kV and 220kV GIS Substation for Reliance Industries at Jamnagar, Gujarat
- 400 kV GIS bays for Adani at Khavda, Gujarat
- 220kV AIS bays and 150 MVA transformers for Powergrid, Lohardanga
- 400 kV (GIS) / 220 kV (AIS) substation along with 400kV transformer and shunt reactors for SJVN Arun -3 in Dhalkebar, Nepal
Solid third quarter
According to Sandeep Zanzaria, Managing Director & CEO, GE Vernova T&D India Ltd, “We are pleased to report a solid third quarter – we expanded margins for a third consecutive quarter and closed large deals with a total value of Rs.20.8 billion. We are advancing on our long-term vision with steady, sustainable growth and a sharp focus on safety, quality, delivery and cost.”
Also read: GE Vernova to provide HYDC system for South Korea’s largest grid project
Featured photograph (source: GE Vernova T&D India Ltd) shows 400kV GIS bays commissioned by the company for Adani Group, at Khavda in Gujarat.
