GE Vernova T&D India Share Price in Focus After Securing Domestic Contract from PGCIL

GE Vernova T&D India Limited has announced the receipt of a significant contract from the Power Grid Corporation of India Limited (PGCIL). This contract entails the refurbishment of the HVDC Chandrapur back-to-back link, a critical component in India's power infrastructure. 

Details of the PGCIL Contract 

On December 17, 2025, GE Vernova T&D India Limited received a Letter of Award from PGCIL. The contract focuses on the refurbishment of the 2x500 MW HVDC Chandrapur back-to-back link, which connects the northern and southern parts of India. The project includes upgrading HVDC Thyristor Valves and HVDC Controls & Protection systems. 

The contract is issued by a domestic entity, PGCIL, and is expected to be executed over several years. The project's scope involves the design, supply, and execution of the refurbishment, aiming to enhance the efficiency and reliability of the power link. 

Significance of the Project 

This refurbishment project is a domestic initiative, reflecting the ongoing efforts to strengthen India's power infrastructure. The HVDC Chandrapur link plays a vital role in ensuring stable power transmission between different regions of the country. 

Read More: L&T Share Price in Focus After Securing Large Orders for Buildings & Factories Business! 

Non-Related Party Transaction 

GE Vernova T&D India Limited has clarified that neither the promoter group nor any group companies have an interest in PGCIL. Additionally, this contract does not fall within related party transactions, ensuring transparency and adherence to regulatory standards. 

GE Vernova T&D India Share Price Performance  

As of December 18, 2025, at 9:18 AM, GE Vernova T&D India share price on NSE was trading at ₹2,931.60 down by 1.30% from the previous closing price.  

Conclusion 

The contract awarded to GE Vernova T&D India Limited by PGCIL underscores the company's role in enhancing India's power infrastructure. The refurbishment of the HVDC Chandrapur link is a significant step towards improving power transmission efficiency across the country. 

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