GE Vernova T&D India named lowest bidder and later awarded contract for 6,000 MW HVDC project
GE Vernova T&D India was identified as the lowest qualified bidder for Power Grid's 6,000 MW, ±800 kV HVDC terminal‑station tender linking Barmer‑II in Rajasthan to South Kalamb in Maharashtra. The company subsequently received a formal Letter of Award from Power Grid on 3 Nov 2026, confirming its role in designing and building two 3,000 MW converter stations. The project remains multi‑year and the contract value has not been disclosed. Investor reaction was a share price increase of about 7 % after the L1 announcement.
Why it matters
The award adds a large, high‑tech transmission project to GE Vernova T&D India's pipeline, potentially boosting future order inflow, though the financial size is unknown. Investors should watch for the final contract terms and any disclosed value, which will affect the company's revenue outlook.
Key facts
- 1GE Vernova T&D India was the lowest qualified bidder for a 6,000 MW, ±800 kV HVDC terminal‑station project for Power Grid. multibagg.ai
- 2Power Grid notified the company of its L1 status on 7 Sept 2026. multibagg.ai
- 3The project consists of two 3,000 MW line‑commutated converter terminals linking Barmer‑II, Rajasthan to South Kalamb, Maharashtra. multibagg.ai
- 4GE Vernova T&D India’s shares rose about 7.44 % on 8 Sept 2026 after the L1 announcement. multibagg.ai
- 5The company received a Letter of Award from Power Grid on 3 Nov 2026, confirming the award of the HVDC terminal‑station work. businessupturn.com
- 6The contract value was not disclosed in the filing. multibagg.ai
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.