Transformer stock jumps 11% after securing contract from AESL Projects Limited

Synopsis:-  the company shares jumped up to 11% after securing a multi-year order for a 2,500 MW, ±500 kV HVDC VSC terminal project. Strong Q2FY26 earnings, with 39% revenue growth and ₹13,110 crore order backlog, further boosted investor confidence.

The shares of the power transmission company gained up to 11 percent in today’s trading session after the company secured a significant contract from AESL Projects Limited

With a market capitalization of Rs 80,593.21 crore, the shares of GE Vernova T&D India Ltd were trading at Rs 3,147.60 per share, increasing around 8 percent as compared to the previous closing price of Rs 2,927.30 apiece.

Significant order

The shares of GE Vernova T&D India Ltd have seen positive movement after bagging a significant work order from AESL Projects Limited for the establishment of 2500 MW, ± 500 kV high voltage direct current (HVDC) VSC Terminal Station (2×1250 MW) from KPS 3 (Khavda) to South Olpad. The order will be executed over a period of multiple years.

Recently, the company secured a letter of award from Power Grid Corporation of India Limited. The order is for refurbishing the 2×500 MW HVDC Chandrapur back-to-back link. The project includes upgrading HVDC thyristor valves and control and protection systems, and will be executed over multiple years. 

Financial & Order Book highlights

The company demonstrates strong performance in Q2FY26, with revenue jumping 39% on a year-on-year basis to  Rs 1,538 crore. Net profit is almost doubled, surging 106% to  Rs 299 crore, reflecting improved operating leverage, cost efficiency, and a sharp improvement in overall profitability.

The company reported order intake fell to Rs 16.1 billion in Q2 FY26, compared with  Rs 46.8 billion in the year-ago period. Despite this moderation, the order backlog remained strong at  Rs 131.1 billion as of September 2025, up from  Rs 129.6 billion in June 2025, ensuring healthy execution visibility ahead.

The company has sanctioned a capex investment of Rs 8,060 million to increase manufacturing capacity across facilities. The roadmap includes over 50% capacity expansion at Vadodara, new production lines at Hosur, and capacity additions for GIS and AIS products. The investment will be executed over three years using internal accruals.

GE Vernova T&D India is offering advanced solutions across high-voltage substations, transformers, switchgear, and grid automation. Backed by global expertise, the company supports India’s energy transition while serving utilities, EPC players, and export markets with technology-driven products.

Written by Abhishek Singh

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