GE Vernova T&D India Shares Surges Over 7% After Winning Key Transmission Project From Power Grid Corporation of India

GE Vernova T&D India was one of the top performers on Tuesday after the company bagged an important transmission project from Power Grid Corporation of India. The firm had won as the lowest bidder for the project. 

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Shares of the company jumped 7.6% to reach ₹4,700 in early trading, thereby becoming the top gainer in the midcap index. On Monday, the stock had gained 1.4% to close at ₹4,367.20. 

This move has made GE Vernova T&D India gainers by around 48% in 2026 while the benchmark Nifty 50 index has shed around 9% over the same period. With the closing price of Monday, the market capitalization of the company stood at around ₹1.12 lakh crore. 

What Put GE Vernova T&D India in Focus? 

The excitement around the stock follows a significant development in the company’s order pipeline. 

GE Vernova T&D India disclosed on Monday that it had emerged as the L1, or lowest, bidder for a Power Grid project involving the development of a 6,000 MW, 800 kV high-voltage direct-current transmission system. 

The project will have two 3,000 MW terminal stations — one at Barmer II in Rajasthan and the other at South Kalamb in Maharashtra. The system will use line-commutated converter technology. 

GE Vernova T&D India will handle the design, supply and execution of the project, which is expected to be implemented over several years. 

The company did not disclose the value of the contract in its exchange filing. However, the Moneycontrol report cited Nomura’s estimate of around ₹13,000 crore for the order. 

Project to Carry Renewable Power From Rajasthan 

The transmission corridor is being developed to evacuate renewable power from Rajasthan and forms part of the expansion of high-capacity transmission infrastructure in the country. 

The size of the project has also brought its potential contribution to GE Vernova T&D India’s future business into focus. Revenue recognition from the project is expected to begin from FY29, according to the brokerage assessment cited in the report. 

The combination of the large HVDC project and expectations around its future contribution put GE Vernova T&D India firmly in focus on Tuesday, sending the shares towards ₹4,700 and extending their strong run so far in 2026.