The order is for the supply and supervision of HV equipment for a TBCB project. This domestic order is scheduled for completion within two years. GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generation sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. It offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission, and distribution industries. The company's standalone net profit surged 289.08% to Rs 144.62 crore on a 58.76% jump in revenue from operations to Rs 1,107.77 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

GE Vernova T&D India has received an order from Sterlite Grid 32 for supply and supervision of HV Equipment for TBCB Project for more than Rs 400 crore. Powered by Capital Market - Live

The key equity indices traded with small gains in the morning trade. The Nifty traded above the 24,600 level. IT shares extended gains for the second consecutive trading session. At 10:26 IST, the barometer index, the S&P BSE Sensex, advanced 92.57 points or 0.11% to 81,601.03. The Nifty 50 index added 26.80 points or 0.11% to 24,645.80. In the broader market, the S&P BSE Mid-Cap index rose 0.10% and the S&P BSE Small-Cap index added 0.05%. The market breadth was positive. On the BSE, 1,989 shares rose and 1,635 shares fell. A total of 178 shares were unchanged. Buzzing Index: The Nifty IT index advanced 1.14% to 45,342.75. The index rallied 1.14% in two consecutive trading sessions. Infosys (up 1.89%), LTIMindtree (up 1.66%), Mphasis (up 1.3%), Wipro (up 1.28%), HCL Technologies (up 1.2%), Tata Consultancy Services (up 0.71%), Persistent Systems (up 0.33%), L&T Technology Services (up 0.32%), Coforge (up 0.02%) advanced. On the other hand, Tech Mahindra (down 0.64%) edged lower. Stocks in Spotlight: GE Vernova T&D India rose 0.42%. The company announced that it has received an order worth Rs 400 crore from Sterlite Power for supply of power transformer. Datamatics Global Services (DGSL) added 0.81%. The company said that its material subsidiary, Lumina Datamatics has signed a definitive agreement to acquire a controlling stake in TNQTech, a Chennai-based publishing technology and services company. Bharat Electronics (BEL) rose 0.08%. The company announced that it has received additional orders worth Rs 634 crore since the last disclosure on 8 November, 2024.Powered by Capital Market - Live

GE Vernova T&D India has received an order from Sterlite Power for supply and supervision of 765KV Power Transformers& Reactors for Khavda. The contract is valued at Rs 400 crore. Powered by Capital Market - Live

The order includes the supply and supervision of 765KV power transformers and reactors for the Khavda project. The said order is valued at Rs 400 crore and it is expected to be completed within two years. GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. It offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution industries. The company's standalone net profit surged 289.08% to Rs 144.62 crore on 58.76% jump in revenue from operations to Rs 1,107.77 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

GE Vernova T short-term rating reaffirmed as [ICRA]A1 and outlook on the long-term rating revised to Positive from stable.Powered by Capital Market - Live

The domestic equity benchmarks traded with modest gains in early afternoon trade. The Nifty traded above the 24,200 level. Bank shares advanced after declining in the past two consecutive trading sessions. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 336.79 points or 0.42% to 79,823.11. The Nifty 50 index added 82.50 points or 0.35% to 24,233.40. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.34% and the S&P BSE Small-Cap index fell 0.57%. The market breadth was negative. On the BSE, 1,685 shares rose and 2,274 shares fell. A total of 131 shares were unchanged. Economy: India's forex reserves declined by USD 2.675 billion to USD 682.13 billion for the week ended November 1, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by USD 3.463 billion to USD 684.805 billion. For the week ended November 1, foreign currency assets, a major component of the reserves, decreased by $3.902 billion to $589.849 billion, the data released on Friday showed. Gold reserves increased by $1.224 billion to $69.751 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by $1 million to $18.219 billion, the apex bank said. India's reserve position with the IMF was up by $4 million to $4.311 billion in the reporting week, the data showed. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 0.43% to 14.53. The Nifty 28 November 2024 futures were trading at 24,287.05, at a premium of 53.65 points as compared with the spot at 24,233.40. The Nifty option chain for the 28 November 2024 expiry showed maximum Call OI of 31.2 lakh contracts at the 25,000 strike price. Maximum Put OI of 38.4 lakh contracts were seen at 24,000 strike price. Buzzing Index: The Nifty Bank index rose 0.87% to 52,009.95. The index slipped 1.44% in past two consecutive trading sessions. IDFC First Bank (up 1.51%), HDFC Bank (up 1.39%), ICICI Bank (up 1.11%), Axis Bank (up 0.97%) and State Bank of India (up 0.87%), Canara Bank (up 0.77%), IndusInd Bank (up 0.69%), Kotak Mahindra Bank (up 0.69%), Bank of Baroda (up 0.6%) and Federal Bank (up 0.4%) advanced. Stocks in Spotlight: GE Vernova T&D India hit an upper circuit of 5% after the company's standalone net profit surged 289.08% to Rs 144.62 crore on 58.76% jump in revenue from operations to Rs 1,107.77 crore in Q2 FY25 over Q2 FY24. Krishna Institute of Medical Sciences (KIMS) rallied 3.45% after the company reported 9.23% increase in consolidated net profit to Rs 72.2 crore on 14.9% rise in revenue from operations to Rs 363.3 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

Profit before tax (PBT) soared 285.19% to Rs 193.75 crore in Q2 FY25 from Rs 50.30 crore in Q2 FY24. During the quarter, EBITDA stood at Rs 208.6 crore, up 18.8% as compared with Rs 69.8 crore in same quarter last year. Order bookings stood at Rs 4,680 crore in the quarter ended 30 September 2024 as against Rs 1,080 crore in quarter ended 30 September 2023. Sandeep Zanzaria, managing director & CEO, GE Vernova T&D India, said, 'We delivered a solid second quarter, delivering continued revenue growth, significant margin expansion, and substantial cash generation. We have secured a record high order backlog, which positions the company for strong revenue growth in the coming years. As India continues to make significant strides towards its ambitious target of 500 GW non-fossil fuel capacity by 2030, we are excited to collaborate with stakeholders in power sector and contribute to this transformative journey.' GE Vernova T&D India is a leading player in the power transmission and distribution business. The company provides a versatile and robust range of solutions for connecting and evacuating power from generations sources onto the grid, providing utilities with the tools needed to support the increase in demand swiftly. It offers products ranging from medium voltage to ultra-high voltage (1200 kV) for power generation, transmission and distribution industry.Powered by Capital Market - Live

Net profit of GE Vernova T&D India rose 289.08% to Rs 144.62 crore in the quarter ended September 2024 as against Rs 37.17 crore during the previous quarter ended September 2023. Sales rose 58.76% to Rs 1107.77 crore in the quarter ended September 2024 as against Rs 697.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1107.77697.76 59 OPM %18.488.69 - PBDT205.8062.91 227 PBT193.7550.30 285 NP144.6237.17 289 Powered by Capital Market - Live

GE T&D India will hold a meeting of the Board of Directors of the Company on 8 November 2024Powered by Capital Market - Live