Shares of GE Vernova T&D India surged more than 10 percent after the company announced it had won a major High Voltage Direct Current (HVDC) transmission contract from AESL Projects Limited.
The order involves the design, supply and execution of a 2,500 MW, ±500 kV HVDC Voltage Source Converter terminal station to carry renewable energy from Khavda in Gujarat to South Olpad.
The multi-year project significantly boosts the company’s order book and revenue visibility. The contract also highlights GE Vernova T&D India’s expertise in advanced transmission technology, prompting strong investor interest in early trade.