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

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

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement