GE Vernova T&D India's stock surged more than 11% after it announced a big new contract with an Adani Energy subsidiary.
Order win details
The company said it got a contract from AESL Projects, an Adani Energy Solutions subsidiary, to design and build a 2,500 MW high‑voltage direct‑current (HVDC) terminal. The project will move renewable power from the Khavda (KPS 3) site to South Olpad. The deal will be carried out over several years, but the exact cash amount was not disclosed.
Estimated contract value
Analysts estimate the order is worth between Rs 7,500 crore and Rs 8,000 crore, to be executed over the next 4‑5 years. A previous order from Power Grid Corp. for a Rs 12.3 billion HVDC refurbishment was also mentioned, adding to the company's strong order book of about Rs 131 crore.
Impact on the share price
Following the announcement, the stock rose to an intraday high of Rs 3,251.80 before settling around Rs 3,060, roughly a 5% gain at market close. Over the past five days the shares are up about 1.5%, and they have risen almost 7% in the last month.
Analyst opinions
- Emkay Global Financial Services keeps a “Buy” rating with a target of Rs 3,350, suggesting more than 14% upside from the current price.
- Prabhudas Lilladher expects the total project value to be around Rs 12,000 crore and believes the win strengthens GE Vernova’s position in HVDC‑VSC technology.
- Both analysts see continued demand for high‑voltage projects, giving GE Vernova a favourable outlook compared with some peers.
Recent stock performance
In the past six months the share price has jumped about 32%, and it is up more than 49% in 2025 so far. After hitting a 52‑week low of Rs 1,254 in April, the stock rallied over 165% to a new 52‑week high of Rs 3,323.80 in November.
Key numbers
- Current P/E ratio: ~98
- Market cap: Rs 78,353 crore
- Capex announced: ~Rs 10 crore (Rs 8 crore fresh + Rs 2.5 crore for ongoing projects)
Remember, this is just an overview, not a recommendation. Do your own research before investing.