Transformer stock rises 3% after Power Grid contract win
after close1 source ↓written by the desknot a recommendation
- after securing
- 3%
- for refurbishing
- 2×500 MW HVDC project
- order backlog
- ₹131.1 billion
- in capital expenditure
- ₹8,060 million
- market cap
- ₹72,162.88 crore
Shares of GE Vernova T&D India Ltd increased by 3% after securing a Letter of Award from Power Grid Corporation for refurbishing a 2×500 MW HVDC project. The company boasts a ₹131.1 billion order backlog and plans ₹8,060 million in capital expenditure, boosting investor confidence despite recent volatility.
With a market cap of ₹72,162.88 crore, shares were trading at ₹2,818.35, down 5.01% from the previous close of ₹2,970.40.
Not investment advice. For informational purposes only.