GE Vernova Strengthens India Footprint with Rs 140 Crore Investment
- GE Vernova to invest Rs140 crore (USD 16 million) in India to expand its electrification manufacturing and engineering operations.
- Expansion includes a new manufacturing line at the existing Pallavaram facility in Chennai and a new facility in Noida.
- Aim is to enhance production and testing capabilities for advanced grid technologies.
GE Vernova has confirmed an investment of around Rs 140 crore (USD 16 million) to ramp up its electrification manufacturing and engineering presence in India. The project, being spearheaded by GE Vernova T&D India (NSE: GEV T&D), intends to strengthen production and testing of next-generation grid technologies that support secure, stable, and dependable electricity delivery.
The investment will also help the company expand a new manufacturing line in its current facility at Pallavaram, Chennai, and establish a new facility in Noida. These expansions are planned to enhance the company's ability to produce next-generation transmission equipment and serve both domestic and export markets, especially from rapidly developing international markets.
One of the prime areas that will receive emphasis in the expansion is the High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS). These technologies are critical to the stabilisation of power grids, the minimization of transmission loss and also support the incorporation of renewable energy sources like solar and wind into the grid. Through the potential for long distance transmission of electricity from remote renewable energy facilities to urban and industrial hubs, GE Vernova's move is concurrent with India's larger energy transition objectives.
This strategic initiative reflects GE Vernova's commitment to backing sustainable power infrastructure and promoting India's clean energy vision.
