GE Vernova T&D India's stock surged more than 11% after it announced a big new contract with an Adani Energy subsidiary.
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.
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.
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.
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.
Remember, this is just an overview, not a recommendation. Do your own research before investing.
Download the TradeKaizen app to practice F&O trading with real-time market data anytime, anywhere.
Get it on Google PlayConnect with fellow traders, share strategies, and improve your trading skills in our Telegram group.
Join Telegram