GE Vernova T&D India bags HVDC refurbishment order from PGCIL

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-3.2%Reaction day

₹2970.00

prior close

₹2980.00

announcement price

After-mkt

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Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.2%-3.4% vs market

Heavy Electrical Equipment peers, median of 29sector-0.8%-2.4% vs sector

On the reaction day the stock moved 3.4 pts less than Nifty Midcap 150 and 2.4 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-3.2+0.2-3.4-0.8-2.4

Next day

-2.7+1.4-4.0+0.3-3.0

+3.0+2.2+0.8+1.0+2.0

+5.2+2.3+2.9+1.3+3.9

+6.2+1.8+4.4+1.3+4.9

+3.3+1.6+1.7+1.3+2.0

+3.7+1.0+2.8-0.2+3.9

15d

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+25.6+1.4+24.2-1.3+26.9

+29.2-5.0+34.3-4.6+33.8

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 29Pending

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AI summary

GE Vernova T&D India received a Letter of Award from Power Grid Corporation of India (PGCIL) for refurbishment of a 2x 500 MW HVDC Chandrapur back-to-back link between Northern and Southern India. Scope covers upgrade of HVDC Thyristor Valves and Controls and Protection systems. Execution is spread over multiple years. Order value was not shared in the filing.

Likely market impact

New domestic order from government PSU PGCIL strengthens order book and revenue pipeline over multiple years. Exact size not disclosed.