### **Overview** GE Vernova T&D India Ltd is the Indian listed entity of **GE Vernova’s Electrification segment** and a leading player in the power transmission and distribution (T&D) sector. With over **100 years of presence in India**, the company has evolved into a critical enabler of India’s energy transition and grid modernization, offering end-to-end solutions from generation to consumption. It operates five state-of-the-art manufacturing facilities across India and leverages advanced R&D, digital innovation, and a strong "Make in India" commitment to serve domestic and global markets. The company is part of **GE Vernova Inc. (NYSE: GEV)**, a global energy leader headquartered in Cambridge, Massachusetts, with a mission to "The Energy to Change the World." GE Vernova employs over **75,000 people across 100+ countries** and comprises Power, Wind, and Electrification segments, supported by accelerator businesses dedicated to decarbonization and electrification. --- ### **Core Business & Product Portfolio** GE Vernova T&D India offers a comprehensive portfolio of **high-voltage transmission and distribution equipment and digital solutions**, covering voltages **up to 1200 kV**, including: - **Power Transformers** (up to 765 kV and 450 MVA) - **Circuit Breakers** and **Gas-Insulated Switchgear (GIS)** (66 kV to 765 kV) - **Instrument Transformers**, **Line Traps**, **Bushings** - **High-Voltage Direct Current (HVDC)** and **Flexible AC Transmission Systems (FACTS)** - **Substation Automation Systems (SAS)** and **Control & Protection (CRP)** - **Turnkey Substation Projects** (AIS and GIS) - **Digital Grid Software Solutions**: GridOS®, GridBeats, e-terra™, SCADA/EMS, ADMS - **Battery Energy Storage Systems (BESS)** and **Microgrid Solutions** The company is a **first-mover in India** for several key technologies, including: - Localization of **765 kV AC EHV**, **800 kV HVDC**, and **765 kV GIS** - Manufacturing of **current transformers, circuit breakers, and capacitor voltage transformers (CVT)** It delivers over **800 units of 765 kV transformers and reactors**, with **over 100 made under 'Make in India'**, reinforcing its domestic footprint. --- ### **Strategic Focus & Growth Drivers (2025 and Beyond)** #### **1. HVDC & Renewable Energy Integration** - The Indian **HVDC market is expected to represent 40%** of the high-voltage transmission landscape due to transmission of large-scale renewable power from remote hubs like **Rajasthan, Gujarat (Khavda), and Ladakh**. - The company successfully executed the **6,000 MW ±800 kV Champa–Kurukshetra HVDC link**, one of the largest in India. - It is investing in **HVDC valve localization** with a new production line for both **LCC (Line Commutated Converters)** and **VSC (Voltage Source Converters)** at its Chennai facility. - A new **6 GW Barmer-II to South Kalamb 800 kV HVDC project** has been approved, signaling the start of a new wave of HVDC corridor development. #### **2. Localization & Export Growth** - A **strategic investment of INR 1,400 crore ($160 million)** is underway to expand manufacturing and engineering capabilities in **Chennai (HVDC Thyristor/VSC Valves)** and **Noida (HVDC Controls)**. - The company aims to **qualify Indian factories for export to the U.S., Europe, and Middle East**, supporting GE Vernova's global supply chain. - Export business delivers **better margins** and **higher capacity utilization**, with exports to **60+ countries** across Asia, Africa, Europe, and Latin America. - Recent export wins include orders to **Portugal, Spain, Southeast Asia, Australia, and ElectraNet (Australia)**, aggregating **over ₹22 billion** from GE Grid Solutions entities. #### **3. Digital Transformation & Grid Modernization** - The company is at the forefront of **digital grid innovation**, offering: - **GridOS®**: A unified, modular software platform for grid orchestration with **AI/ML-driven automation**, **zero-trust cybersecurity**, and integration of up to **70% renewables**, enabling **up to 21% fewer outages** and **17% faster restoration**. - **GridBeats**: Software-defined automation for predictive diagnostics, cybersecurity, and adaptive grid control. - **e-terra™ SCADA/EMS and WAMS**: Real-time monitoring systems installed at national, regional, and state-level dispatch centers. - **STAMC (Smart Asset Management & Control) Initiative**: Deployed for **OPTCL, REL, and other utilities**, integrating data from hundreds of substations for remote monitoring and predictive maintenance. - Secured projects to upgrade **Northern and Eastern Regional Load Dispatch Centres (RLDCs)** and **ULDC (Unified Load Despatch Centre)** with AI and cybersecurity upgrades. #### **4. Advanced Product Platforms & Emission Reduction** - **g³ (green gas for grid)** technology: SF6-free switchgear and circuit breakers with **99% lower CO₂-equivalent emissions**, available up to **420 kV**, now being deployed in India and globally. - **h FACTSFlex**: Next-gen STATCOM platform providing **modular scalability, grid-forming capability**, and **virtual inertia** to stabilize grids with high renewable penetration. - **DGA900+**: 9-gas transformer monitoring with OLTC health analytics, widely adopted in utility and renewable projects. - **Digital Twin & APM (Asset Performance Management)**: Uses real-time data, machine learning, and IoT to enable predictive maintenance, reducing downtime and extending asset life. #### **5. Strategic Manufacturing & R&D** - Operates **five manufacturing plants** in: - **Hosur, Tamil Nadu**: 765 kV CT, line traps, 1200 kV CVT - **Pallavaram, Chennai**: GIS, substation automation, protection relays (MiCOM 5th Gen) - **Vadodara, Gujarat**: Power transformers and reactors - **Bhopal & Noida**: HV equipment and digital control systems - Launched **fifth-generation MiCOM relays** with advanced cybersecurity and communication features. - Developing **GridOS® and GridBeats** as next-generation digital platforms to drive autonomy and resilience. --- ### **Recent Key Projects & Order Book Strength** - **Order Book**: As of Sep 2025, the company holds an **order backlog of over ₹126 billion**, providing strong revenue visibility. - **Major Orders Secured (2024–2025)**: - **PowerGrid**: ₹8 billion for 765 kV transformers, reactors, and SCADA/EMS solutions - **Adani Group**: 400 kV GIS for Gujarat, Warora-Kurnool HVDC project (765 kV, 3 stations) - **Sterlite, Jindal, Reliance, Hindalco**: HV substations and automation - **ElectraNet Australia**: Instrument transformers - **INR 800 crore one-off export order** (Aug 2024) - In **May 2025**, secured **₹29.9 billion in Q4 bookings**—a **124% YoY increase**, including over 100 EHV transformers for PowerGrid and Sterlite. - Commissioned **26 substations in FY2024–25**, including 765 kV GIS for BGR, 400 kV for ReNew Power, and **19,998 MVA of transformers and reactors**. --- ### **Market Position & Customer Base** - Serves a diversified customer base: - **Utilities**: PowerGrid, PGCIL, OPTCL, REL, UPPCL - **Private Developers**: Adani Energy, Reliance, ReNew, Sterlite - **Industrial Clients**: Tata Power, NTPC, Hindalco, Jindal, RIL - **EPC Contractors**, **data centers**, and **mining/oil & gas sectors** - No single customer contributes >30% of revenue—indicating **low customer concentration risk**. - Actively involved in **cross-border trade** with **Nepal, Bhutan, Bangladesh**, and upcoming links to **Myanmar and Sri Lanka**. --- ### **Leadership & Vision** - Led by **Mr. Pitamber Shivnani (MD & CEO)**, a 33-year industry veteran, who has driven growth through operational excellence, localization, and digital innovation. - Vision: **“Empowering India’s energy future with secure, sustainable, and digital grid infrastructure”**. - Aligns with national programs like **Make in India**, **Revamped Distribution Sector Scheme (RDSS)**, and **National Green Hydrogen Mission**. ---