Power Grid awards 6,000 MW HVDC terminal station contract

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

+4.5%Reaction day

₹4041.10

prior close

₹4056.30

announcement price

After-mkt

timing

Nifty Midcap 150market+1.6%+2.9% vs market

Heavy Electrical Equipment peers, median of 34sector+2.8%+1.7% vs sector

On the reaction day the stock moved 2.9 pts more than Nifty Midcap 150 and 1.7 pts more 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

Stock

-3.2

10m

-2.0

15m

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30m

+0.6

Sessions after the filingfrom the prior close

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Reaction day

+4.5+1.6+2.9+2.8+1.7

Next day

+2.2pendingpending+2.6-0.4

-0.6pendingpending+0.9-1.5

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UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 34Pending

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AI summary

GE Vernova T&D India received a Letter of Award from Power Grid on November 3, 2026 for designing and establishing a 6,000 MW, 800 kV HVDC terminal station with two 3,000 MW units. It will evacuate renewable power from Barmer II to South Kalamb. The final contract is yet to be signed.

Likely market impact

The award adds a major domestic infrastructure order and may support future revenue, but the contract value, margins and execution timeline were not disclosed.