GE Gets Contract Order Worth Rs 490 Cr from Power Grid Corp

GE T&D India Limited has secured a major contract worth Rs 490 crore from Power Grid Corporation of India Limited (POWERGRID) for the implementation of the Unified Load Dispatch and Communication (ULDC) Phase-III SCADA/EMS Upgradation Project. The project will cover Northern Regional State Load Dispatch Centers (SLDCs) and Regional Load Dispatch Centers (RLDC).

Under the terms of the domestic contract, GE T&D India will be responsible for supplying, installing, testing, commissioning, and maintaining SCADA/EMS control centers. The project is scheduled to be completed by January 2026 and includes GST at 18%.

The contract's substantial value and strategic importance highlight GE T&D India's capability to contribute significantly to the nation's power infrastructure development efforts.

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Market Reaction 

Following GE T&D India's announcement of its contract with Power Grid Corporation, the market initially responded positively on the Bombay Stock Exchange (BSE). At 9:15 AM, the share price surged to Rs. 1,750 and trading volume peaked at 755 shares.

However, by 10:00 AM, the share price experienced a decline, reaching a low of Rs. 1,712. The volatility continued through the morning, with the price dropping further to Rs. 1,690 by 11:30 AM. This fluctuation highlights the market's reaction to the news, demonstrating both initial investor optimism and subsequent volatility in share trading.

Watch the live share price on BSE Here

GE T&D India 

GE T&D India Limited is the listed entity of GE’s Grid Solutions business in India, boasting a century-long presence in the country's power transmission and distribution sector. Renowned for its comprehensive portfolio, GE T&D India offers a wide array of solutions spanning from medium to ultra-high voltage equipment (up to 1200 kV).

The company's offerings include power transformers, circuit breakers, gas insulated switchgears, and substation automation equipment, among others. With 5 manufacturing facilities strategically located, GE T&D India is well-positioned to meet the increasing demand for grid equipment and services.

The company emphasizes innovation in green and digital solutions to enhance grid efficiency, resilience, and environmental sustainability.

Power Grid

Power Grid Corporation of India Limited (POWERGRID) is a premier government-owned enterprise incorporated in 1989, recognized as India’s largest electric power transmission utility.

Listed since 2007, it is a 'Maharatna' PSU with majority ownership by the Government of India. POWERGRID operates an extensive transmission network spanning 1,77,790 circuit kilometers of transmission lines and 278 substations, ensuring a high system availability of 99.8%.

The corporation also provides consultancy services to over 150 domestic clients and has a global footprint extending to more than 23 countries with 25 international clients. Known for its robust infrastructure and highest safety ratings from domestic credit agencies.

POWERGRID plays a pivotal role in India's power sector, maintaining critical transformation capacity and backbone telecom networks across the country.