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investmentguruindia.comSEP 242 min read

Buy GE Vernova T&D India Ltd for the Target Rs 5,100 by Motilal Oswal Financial Services Ltd

Motilal Oswal Financial Services Ltd maintains a BUY rating on GE Vernova T&D India Ltd (GVTD) with a target price of INR5,100. The company's recent HVDC project wins boost order book to over INR300b, providing 4-5 years of revenue visibility. GVTD expects strong growth in transmission orders and plans INR10b capex. Revenue, EBITDA, and PAT are projected to grow at 26%, 24%, and 24% CAGR respectively over FY26-29E.

Original reporting
investmentguruindia.com
Published Sep 24, 2026, 5:49 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Sep 24, 2026, 6:54 AM UTC. Informational, not investment advice.
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Buy GE Vernova T&D India Ltd for the Target Rs 5,100 by Motilal Oswal Financial Services Ltd — source image
Source · investmentguruindia.com
Decision brief

The 30-second read

High
01

Why it matters

The contract adds over INR300 billion to the order book, extending revenue visibility for 4‑5 years and justifying a new INR5,100 price target.

02

Market read

First disclosure of a major HVDC contract win, materially expanding the company's order book and prompting a fresh buy rating with a high target price.

03

What to watch

Currency risk, potential regulatory changes in India, and competition from other HVDC providers may affect future cash flows.

Relevance 8/10Novelty 8/10Timing: immediate

Background

Analyst report from Motilal Oswal Financial Services covering GE Vernova T&D India's recent L1 award for the Barmer‑South Kalamb HVDC project and updated target price.

Market effects

Sector

Strengthens outlook for Indian HVDC transmission sector and related equipment manufacturers.

Regional

Potentially boosts Indian infrastructure and power transmission market sentiment.

Global

Highlights growing demand for high‑voltage DC projects, relevant for global energy transition investors.

Counterpoint

What could challenge this read

The project's long execution timeline and export delays could pressure margins, suggesting caution despite the buy rating.

Key entities

  • company
    GE Vernova T&D India Ltd

    Indian transmission and distribution subsidiary receiving the HVDC contract.

  • analyst
    Motilal Oswal Financial Services Ltd

    Issuer of the buy recommendation and target price.

Read at source← All news

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