GE Vernova shares rose 3% following the company’s announcement of a significant investment in India to strengthen its electrification footprint. As of 9:35 AM, the shares were trading 2.52% higher at Rs 1,739.20.
The company will invest approximately INR 1,400 million (USD 16 million) through its listed Indian arm, GE Vernova T&D India Limited. This move underscores GE Vernova’s commitment to supporting India’s growing energy infrastructure and aligns with its broader “Asia for Asia” strategy.
The investment will be directed toward two key initiatives. First, the expansion of its Chennai facility to include a new manufacturing line focused on producing LCC HVDC valves and VSC STATCOM valves—critical technologies for high-efficiency power transmission systems. These systems are vital for enhancing grid stability and integrating renewable energy sources across long distances.
Second, a new engineering and testing center will be established in Noida. This facility will focus on the design and validation of HVDC and FACTS control systems, with operations expected to commence by the end of 2025. The Chennai manufacturing line is scheduled to be operational by early 2027.
This development positions GE Vernova as a strong player in India’s energy transition, particularly as the country accelerates its push for clean and reliable power under the “Make in India” initiative. The announcement comes as part of GE Vernova’s broader USD 4 billion global capex plan through 2028, reflecting confidence in India’s long-term energy infrastructure demand and the strategic importance of localized manufacturing.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
