20 Dec 2024

GE Vernova T&D India Rises on Securing Sterlite Grid 32 Contract Worth ₹400 Crore

GE Vernova T&D India's stock is witnessing an uptick, trading at ₹2,159.00 on the BSE, marking a gain of ₹41.10 or 1.94% compared to its previous close of ₹2,117.90.

The stock opened at ₹2,149.00 and has fluctuated between an intraday high of ₹2,197.00 and a low of ₹2,133.00. A total of 3,846 shares have been traded so far.

The stock, part of the BSE 'T' group with a face value of ₹2, achieved its 52-week high of ₹2,197.00 on December 20, 2024, and a 52-week low of ₹425.00 on December 21, 2023. Over the past week, its trading range has varied between ₹2,197.00 and ₹1,922.45. The company's current market capitalization stands at ₹55,560.82 crore.

Promoters hold a 59.38% stake in the company, while institutional and non-institutional investors account for 32.43% and 8.19% respectively.

The company recently secured a contract exceeding ₹400 crore from Sterlite Grid 32 for supplying and supervising high-voltage equipment as part of a TBCB project. The project is expected to be completed within two years.

Previously known as GE T&D India, GE Vernova T&D India is a key player in the energy sector, specializing in engineering, manufacturing, and project management for power generation and transmission infrastructure solutions.