Street View: GE Vernova T&D India rises as company emerges as lowest bidder for power station

Power Grid of India

08/09/2026 05:29

** Shares of GE Vernova T&D India GETD.NS up 7.8% at 4,706 rupees, their highest intraday pct rise since January 29
** The power distributor declared as lowest bidder by Power Grid Corp PGRD.NS for 6000 MW High-Voltage Direct Current (HVDC) terminal station
     
HVDC ORDER STRENGTHENS GROWTH, REVENUE VISIBILITY
** Macquarie ("Outperform"; PT: 5,470 rupees) says project is among the largest transmission schemes being developed to evacuate renewable energy from Rajasthan and further expands company's exposure to fast-growing HVDC segment
** Brokerage adds that order win reinforces the company's strategy of investing in HVDC-specific manufacturing, improving medium term order book quality and providing multi-year revenue visibility
** Antique Stockbroking ("Buy"; raises PT to 6,482 rupees from 5,243 rupees) believes company is well-positioned to capitalize on India's accelerating power demand and renewable expansion
** Says new HVDC order will further bolster the already robust order book, leading to an upward revision in the earnings trajectory
** Emkay ("Buy"; PT: 5,300 rupees) expect both of company's ongoing HVDC projects to contribute substantially to revenue, FY29E onward
     

 (Reporting by Mridula Kumar in Bengaluru)
 ((mridula.kumar@thomsonreuters.com))