GE Vernova T&D India Limited
GE T&D is the listed entity of GE Grid Solutions business in India. It has been in the power transmission and distribution business for more than 100 years and provides a versatile range of solutions for connecting and evacuating power from generation sources onto the grid.
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GE Vernova T&D India reported ~INR 1.30 Cr in appealed GST tax demands. The company achieved 100% renewable electricity usage and significantly cut Scope 1+2 emissions. R&D and capital expenditure are boosting sustainable product development and operational efficiency, with Zero Liquid Discharge at key plants, reinforcing ESG goals.
GE Vernova T&D India will transfer unclaimed shares and related dividends from FY2018-19 to the Investor Education and Protection Fund. Shareholders should claim any unpaid dividends to prevent this transfer of their shares.
GE Vernova T&D India approved an INR 55 Cr investment for a new facility in Vallam, Tamilnadu. This expands capacity for Disconnectors and Drives for 362 kV Dead Tank Circuit Breakers. The move will meet growing domestic and export demand for power transmission equipment, with first production anticipated next year.
The company's Registrar and Share Transfer Agent has changed to MUFG Intime India Private Limited following its merger with CB Management Services. This operational update ensures continued seamless services for shareholders and investors.
Board approved ₹806 Cr investment for capacity expansion at Vadodara, Padappai, and Hosur. This boosts transformer/reactor capacity >50%, and GIS/AIS up to 25%. The 3-year plan, funded by internal accruals, meets growing power transmission demand. Financial results for the quarter and half-year were also approved.