TanGE Vernova T&D Emerges L1 for 6,000 MW HVDC Project

GE Vernova T&D India Ltd (GEVERNOVA) Project Update: Company has emerged as the L1 bidder for Power Grid Corporation’s 6,000 MW HVDC terminal station project, connecting Barmer II to South Kalamb. This milestone strengthens GE Vernova’s positioning in India’s high‑voltage transmission sector. 📊 Key Highlights Project Size: 6,000 MW HVDC terminal station Client: Power Grid Corporation of India Location: Barmer II to South Kalamb Status: L1 bidder Impact: Enhances order book and reinforces leadership in transmission 📌 SWOT Analysis Strengths Proven expertise in HVDC and transmission solutions. Strong global parentage with advanced technology. Established presence in India’s power infrastructure. Weaknesses High dependence on large government contracts. Margin pressure from competitive bidding. Opportunities Rising demand for HVDC projects in India. Expansion into renewable‑linked transmission infrastructure. Potential for export of transmission solutions. Threats Competition from Siemens, ABB, and domestic EPC players. Regulatory and approval delays in large projects. Supply chain risks in advanced equipment. 🏭 Fundamentals Snapshot (FY26) Revenue: ~₹5,800 crore EBITDA Margin: ~12% PAT: ~420 crore Debt-to-Equity: ~0.5 Order Book: Strengthened by HVDC and transmission projects