GE Vernova T&D shares jump up to 11% after winning major order from Adani Energy Solutions arm

GE Vernova T&D India share price

The shares of GE Vernova T&D India jumped more than 11 percent to their day's high on December 22 after the company announced that it has won a large order from a subsidiary of Adani Energy Solutions.

The shares of the company rose to an intraday high of Rs 3,251.80 apiece on Monday, before paring some gains. The stock closed around 5 percent higher at Rs 3,060.10 apiece.

GE Vernova T&D wins order from AESL Projects:

In an exchange filing released on December 20 (Saturday), GE Vernova T&D announced that AESL Projects has awarded a contract for the design and establishment of 2,500 megawatts (MW), ± 500 kV high voltage direct current (HVDC) VSC terminal station (2x1250 MW) for evacuation of renewable power from KPS 3 (Khavda) to South Olpad.

The company said that the contract will be executed over the period of multiple years, but didn’t mention the cash consideration for the said project.

What brokerages say:

While the order value has not been disclosed, Emkay Global Financial Services believes it is in the Rs 7,500-8,000 crore range, to be executed over the next 4-5 years. "Recently, the company had reported another large order-win (worth Rs 12.3 bn) from PGCIL, for refurbishment of 2x 500 MW HVDC Chandrapur back-to-back link between northern and southern India. Both orders, coupled with the existing strong order book of Rs 131 bn, further strengthens the company’s long-term revenue visibility. GVTD has also announced capex of ~Rs 10 bn—which is Rs 8 bn (fresh) + Rs2.5bn—citing large domestic and export opportunities," the domestic brokerage said.

The company is well placed to benefit from the current energy transition drive due to its strong product portfolio and localization, it added, while maintaining a 'Buy' call on the stock with a target price of Rs 3,350 per share. This implies an upside potential of more than 14 percent from the stock's previous closing price.

Brokerage Prabhudas Lilladher expects the total project value to be Rs 12,000 crore. "This win materially enhances GE Vernova's credentials in HVDC–VSC (High-Voltage Direct Current–Voltage Source Converter) technology and strengthens its competitive positioning for future HVDC tenders," the brokerage said, as quoted by Informist.

With the next wave of high-voltage direct current–voltage awards tilted towards Line Commutated Converter, order prospects for Hitachi Energy India and GE Vernova remain favourable, while Siemens Energy's addressable opportunity set may narrow in the near term, Prabhudas Lilladher said. Siemens Energy India shares closed nearly 5 percent lower at Rs 2,619 apiece.

GE Vernova T&D share price:

GE Vernova T&D India shares have risen around 1.5 percent in the past five days, and nearly 7 percent in the past one month. The stock has surged around 32 percent in the past six months, and is up more than 49 percent in 2025 so far.

After hitting a 52-week high of Rs 1,254 apiece in April this year, the stock rapidly rallied more than 165 percent to hit a fresh 52-week high of Rs 3,323.80 apiece in November this year.

The stock's P/E ratio currently stands at around 98. It has a market capitalization of Rs 78,352.80 crore.