GE Vernova Powers Up India: ₹140 Crore Investment to Augment Grid Manufacturing

GE Vernova has unveiled a significant ₹140 crore investment to scale up its manufacturing and engineering presence in India, solidifying the nation's position as a world-leading hub for cutting-edge grid technologies. This strategic expansion, carried out through GE Vernova T&D India, is made as India speeds up its energy transition and demand surges for next-generation transmission infrastructure.

 

Expansion Blueprint:

The investment will go towards a new production line at GE Vernova's current Chennai (Pallavaram) facility and a state-of-the-art engineering and test laboratory in Noida. The lab in Noida will be up and running by end-2025, and the Chennai line will go on stream by early 2027.

 

Tech Focus:

The Chennai plant will manufacture Line Commutated Converter (LCC) HVDC valves and Voltage Source Converter (VSC) STATCOM valves-essential for long-distance power transmission and renewables integration. The Noida testing laboratory will facilitate design, validation, and control systems testing of these technologies.

 

Grid Modernization:

The growth focuses on High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS), which make grids stable, minimize transmission loss, and allow for smooth blending of solar and wind power.

 

Strategic Vision:

The investment is part of GE Vernova's $4 billion global capex strategy between 2028 and is consistent with its "Asia for Asia" approach to create localized production for regional requirements and enhance the resilience of global supply chains.

 

Market Impact:

GE Vernova's electrification equipment order backlog has increased threefold in the last year due to accelerating demand for transformers, switchgear, and high-tech grid solutions. GE Vernova T&D India shares gained more than 4% on the announcement.

 

Assisting India's Green Aspirations:

The growth not only aids India's renewable energy ambitions but also enhances the country's export strength for high-tech grid equipment.

 

Sources: The Economic Times, CNBC TV18, Moneycontrol