GE T&D India Sees 112% Surge in FY24 Order Bookings

22 May 2024 CW Team

GE T&D India has reported a remarkable 112% increase in order bookings for FY24, with the total orders reaching 20.882 Billion. This significant growth highlights the company's strong performance and ability to capture opportunities in India's growing power market. The orders in the second quarter alone surged to Rs.18.16 billion, more than double the Rs.486 crore recorded in the same period last year.

The company has secured several key projects, including contracts from Sterlite Power for supply of high-voltage reactors, Adani Energy Solutions for constructing GIS substations, and export orders to Senegal. Additionally, orders from Tata Motors and other EPC customers have bolstered their portfolio.

In terms of financial performance, GE T&D India's revenue rose by 14%, driven by the robust order inflow and successful execution of key projects. Some of the notable projects commissioned during this period include 765kV substations for the Adani Group and 220kV GIS substations for the Uttar Pradesh Power Transmission Corporation.

The order backlog as of September 30, 2023, stood at ?43.37 billion, with private utilities contributing 75%, central utilities 15%, and state utilities 10%. According to Sandeep Zanzaria, Managing Director & CEO of GE T&D India, the company's performance reflects its expertise and innovative solutions, aligning with India?s energy transition needs and government initiatives on renewable energy.

This growth positions GE T&D India as a key player in the power transmission and distribution sector, well-equipped to meet the evolving demands of the market.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..