GE Vernova T&D India Reports Fiscal 2025-26 Results

21 May 2026 CW Team

GE Vernova T&D India reported audited results for the fourth quarter and the year ended 31 March 2026, showing marked growth. Quarterly revenue rose to Rs 16.4 billion (bn), up 42 per cent year on year. EBITDA was Rs four point four bn at 27.2 per cent and profit after tax was Rs three point five bn, up 89 per cent.

For the full year, the company recorded revenue of Rs 62.1 bn, EBITDA of Rs 16.8 bn at 27.1 per cent and profit after tax of Rs 12.3 bn, up 103 per cent versus the prior year. Order bookings for the quarter were Rs 86.1 bn, and annual order intake reached Rs 147.8 bn.

The company secured strategic orders, including a contract to supply a 2.5 gigawatt high voltage direct current voltage source converter terminal for the Khavda–South Olpad corridor and awards from Power Grid Corporation of India for the refurbishment of the two by 500 MW Chandrapur HVDC back-to-back station. It also won contracts for 765 kV 500 MVA interconnected transformers, 765 kV 110 MVAR reactors and gas-insulated switchgear from a private developer in Gujarat and secured export orders to Europe, the Middle East and Africa.

Execution milestones included commissioning of substations and shunt reactors across Karnataka, Nagaland, Bihar and Himachal Pradesh and completion of a 400 kV AIS switchyard for a major generator. The company also reported orders for 765 kV and 400 kV air-insulated switchgear and grid automation packages from multiple EPC players.

The board approved an investment of Rs 550 million (mn) to create capacity for disconnectors and drives for 362 kV dead tank circuit breakers at a new Vallam facility in Tamil Nadu and recommended a dividend of Rs ten per equity share. Management said the company invested more than Rs 10 bn during the year and will maintain focus on safety, quality, delivery and cost while supporting India’s energy transition.

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