GE Vernova T&D India Stock Jumps 9% After Power Grid Project Win; Check Latest Price Target

GE Vernova Hitachi is advancing the deployment of small modular reactors (SMRs), with the first land-based SMR outside China being installed in Ontario, Canada. The company has secured orders for its BWRX-300 SMR, based on proven boiling water reactor technology. GE Vernova Hitachi's Chief Commercial Officer discussed the company's SMR strategy at the World Nuclear Association's annual symposium.

Amaco Energy Group and GE Vernova plan a $1.5B off-grid AI data center in Mombasa, Kenya. The project, called HERCULES, will use GE Vernova's gas turbines and aims to establish Mombasa as a regional AI hub. It will operate independently of Kenya's national grid and could supply surplus power to the local grid. Construction is expected to take 28 months if approved.

Deutsche Telekom and T-Mobile US appointed executives from AWS and GE Vernova, respectively, reflecting a trend of cross-sector hiring for AI expertise. Deutsche Telekom's new head of product and technology, Jan Hofmeyr, previously worked at AWS and Comcast. T-Mobile US appointed Jessica Uhl, who has extensive experience in the energy sector. These moves highlight the convergence of telecoms, tech, and industrial sectors in the AI infrastructure economy, with networking playing a crucial role. A

GE Vernova shares rose 8% after winning a major power infrastructure contract. Hindustan Aeronautics and Sansera Engineering also gained, driven by positive brokerage ratings and new order wins. Broader market indices faced selling pressure in sectors like banking and auto.

GE Vernova T&D India rose 8% after winning a Power Grid project bid. HFCL, Data Patterns, and PCBL Chemicals also gained. New India Assurance, HEG, and IFCI declined. GE Vernova is up 46% YTD, HFCL up 268% YTD, and Data Patterns up 85% YTD.

GE Vernova T&D India was named the L1 bidder for a 6,000 MW HVDC project by Power Grid Corporation of India. The project involves designing and building a terminal station for renewable power evacuation. The company's shares rose 7.44% to ₹4,692.00 on September 8, 2026, following the announcement. No contract value was disclosed.