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GE Vernova T&D India GVT&D

Indian arm of GE Vernova's grid business: power transformers, GIS, HVDC and grid automation

Mapped in 1 theme: Power Transmission & Grid.

From publicly available information

Where GE Vernova T&D India sits in the supply chain

GE Vernova T&D India appears in 3 supply-chain layers in one theme, Power Transmission & Grid.

Power Transmission & Grid › Power transformers & reactors

Direct supplier

Other companies in this layer

Hitachi Energy IndiaTransformers & Rectifiers (India)Siemens Energy IndiaCG Power and Industrial SolutionsVoltamp TransformersShilchar TechnologiesAtlanta ElectricalsMangal Electrical IndustriesBharat Heavy ElectricalsZetwerk Manufacturing Businesses
View in the 3D map →

Power Transmission & Grid › HVDC & FACTS

Direct supplier

Other companies in this layer

Hitachi Energy IndiaBharat Heavy ElectricalsSiemens Energy IndiaQuality Power Electrical Equipments
View in the 3D map →

Power Transmission & Grid › GIS, switchgear & protection

Direct supplier

Other companies in this layer

Hitachi Energy IndiaSiemensABB IndiaCG Power and Industrial SolutionsSchneider Electric Infrastructure
View in the 3D map →

Revenue and profit

₹ CrFY22FY23FY24FY25FY26
Revenue3,0662,7733,1684,2926,206
Net profit−50−11816081,233

Latest-year revenue ₹6,206 Cr (FY26, company-wide).

Note: standalone figures.

Strengths

  • Won the ±800 kV, 6 GW Barmer-II to South Kalamb HVDC terminals from POWERGRID (Sep 2026) as lowest bidder
  • Transformer and GIS factories with growing export orders
  • Margins have expanded sharply since FY24

Risks

  • Q1 FY27 order inflow was 30% lower year on year
  • Rich valuation - see the figures
  • Parent-driven export allocation and royalties

Common questions

What does GE Vernova T&D India do?

Indian arm of GE Vernova's grid business: power transformers, GIS, HVDC and grid automation.

Where does GE Vernova T&D India sit in the supply chain?

GE Vernova T&D India (NSE: GVT&D) is mapped in 3 supply-chain layers: Power transformers & reactors (Power Transmission & Grid); HVDC & FACTS (Power Transmission & Grid); and GIS, switchgear & protection (Power Transmission & Grid).

Who are GE Vernova T&D India's peers?

In the Power transformers & reactors layer of Power Transmission & Grid: Hitachi Energy India, Transformers & Rectifiers (India), Siemens Energy India, CG Power and Industrial Solutions, Voltamp Transformers, Shilchar Technologies and 4 more.

What is GE Vernova T&D India's market cap and valuation?

As of 6 Nov 2026: market cap ₹1.03L Cr, P/E 69.6x, ROCE 77.4%, ROE 57.4%, dividend yield 0.25%.