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.

Infrastructure Energy

21 May 2026

Marsons Receives PGCIL Approval For Supply Of Power Transformers

Marsons has received vendor approval from Power Grid Corporation of India Limited for the supply of power transformers, making it the only PGCIL-approved Extra High Voltage transformer manufacturer in Eastern India and in ten neighbouring states, including West Bengal, Odisha, Jharkhand, Bihar, Assam, Meghalaya, Tripura, Manipur, Nagaland and Mizoram. The approval marks a milestone for the company and for the region's power infrastructure. PGCIL acts as the central transmission utility and is the country’s single largest procurer of high?voltage equipment, and vendor approval involves a rigo..

BDL Lays Foundation For Naval Systems Facility In Andhra Pradesh

Hon’ble Raksha Mantri Shri Rajnath Singh laid the foundation stone for Bharat Dynamics' new Naval Systems Manufacturing Facility at T. Sirasapalli village in Anakapalli district of Andhra Pradesh, marking a step in expanding indigenous defence production. The project advances the vision of Aatmanirbhar Bharat and aims to strengthen national manufacturing capabilities for naval systems. Bharat Dynamics Limited, established in 1970 under the Ministry of Defence, has become a principal defence manufacturer and a production partner of the Defence Research and Development Organisation. The compan..

Kaka Industries Reports Strong H2 And Fiscal Year FY26 Results

Kaka Industries reported consolidated net sales for the second half of FY26 of Rs 1,383.4 million (mn), an increase of 35.2 per cent year-on-year from Rs 1,023.3 million and a sequential rise of 10.8 per cent over the preceding half. Total expenditure for the half was Rs 1,196.6 mn, reflecting scale alongside revenue growth and disciplined cost management. The company attributed the half-year performance to a stronger product mix and operational leverage across manufacturing and distribution. EBITDA for H2 FY26 expanded to Rs 186.5 mn from Rs 133.4 mn a year earlier, a year-on-year gain of 39...