GE T&D India Sees 112% Surge in FY24 Order Bookings
POWER & RENEWABLE ENERGY

GE T&D India Sees 112% Surge in FY24 Order Bookings

GE T&D India has reported a remarkable 112% increase in order bookings for FY24, with the total orders reaching 20.882 Billion. This significant growth highlights the company's strong performance and ability to capture opportunities in India's growing power market. The orders in the second quarter alone surged to Rs.18.16 billion, more than double the Rs.486 crore recorded in the same period last year.

The company has secured several key projects, including contracts from Sterlite Power for supply of high-voltage reactors, Adani Energy Solutions for constructing GIS substations, and export orders to Senegal. Additionally, orders from Tata Motors and other EPC customers have bolstered their portfolio.

In terms of financial performance, GE T&D India's revenue rose by 14%, driven by the robust order inflow and successful execution of key projects. Some of the notable projects commissioned during this period include 765kV substations for the Adani Group and 220kV GIS substations for the Uttar Pradesh Power Transmission Corporation.

The order backlog as of September 30, 2023, stood at ?43.37 billion, with private utilities contributing 75%, central utilities 15%, and state utilities 10%. According to Sandeep Zanzaria, Managing Director & CEO of GE T&D India, the company's performance reflects its expertise and innovative solutions, aligning with India?s energy transition needs and government initiatives on renewable energy.

This growth positions GE T&D India as a key player in the power transmission and distribution sector, well-equipped to meet the evolving demands of the market.

GE T&D India has reported a remarkable 112% increase in order bookings for FY24, with the total orders reaching 20.882 Billion. This significant growth highlights the company's strong performance and ability to capture opportunities in India's growing power market. The orders in the second quarter alone surged to Rs.18.16 billion, more than double the Rs.486 crore recorded in the same period last year. The company has secured several key projects, including contracts from Sterlite Power for supply of high-voltage reactors, Adani Energy Solutions for constructing GIS substations, and export orders to Senegal. Additionally, orders from Tata Motors and other EPC customers have bolstered their portfolio. In terms of financial performance, GE T&D India's revenue rose by 14%, driven by the robust order inflow and successful execution of key projects. Some of the notable projects commissioned during this period include 765kV substations for the Adani Group and 220kV GIS substations for the Uttar Pradesh Power Transmission Corporation. The order backlog as of September 30, 2023, stood at ?43.37 billion, with private utilities contributing 75%, central utilities 15%, and state utilities 10%. According to Sandeep Zanzaria, Managing Director & CEO of GE T&D India, the company's performance reflects its expertise and innovative solutions, aligning with India?s energy transition needs and government initiatives on renewable energy. This growth positions GE T&D India as a key player in the power transmission and distribution sector, well-equipped to meet the evolving demands of the market.

Next Story
Real Estate

Transforming Real Estate with Sustainable Choices

The times are changing for the construction industry. Once associated with high carbon emissions, energy consumption, and waste, they are now waking up to the environmental cost of traditional practices. Companies are now looking to be a part of the solution instead of the problem. Using recycled materials in building projects is one of the most accessible yet significant changes. This one change has the potential to lower project costs, energy consumption, and landfill usage. Giving Old Materials a New PurposeRecycled building materials aren’t just scraps from old sites. These material..

Next Story
Real Estate

UP Housing Board Finalises 40-Acre Development Plan in Vasundhara

The Uttar Pradesh Housing and Development Board (UPHDB) has finalised a 40-acre development plan in sectors seven and eight of Vasundhara, Ghaziabad, under a mixed land use model. The layout includes a 10-acre satellite centre for the All India Institute of Medical Sciences (AIIMS) and two major plots of 20 and 10 acres for group housing and commercial use. According to officials, the project falls under the Transit-Oriented Development (TOD) zone of the Regional Rapid Transit System (RRTS) corridor, with the Sahibabad Namo Bharat station located nearby. The auction process for the plots is e..

Next Story
Infrastructure Urban

Marubeni To Invest Rs 10 Billion in Telangana’s Future City Industrial Park

Japanese conglomerate Marubeni Corporation has signed a Letter of Intent with the Telangana government to develop a next-generation industrial park in the state’s upcoming Future City. The announcement was made during the official visit of the Telangana Rising delegation, led by Chief Minister A Revanth Reddy, to Japan. Marubeni has proposed an initial investment of Rs 10 billion to develop the industrial park in phases over 600 acres. The park will cater to Japanese and other multinational firms seeking to establish manufacturing operations in Hyderabad. The proposed development is expect..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?