GE Vernova T&D India Limited, a manufacturer of transmission and distribution equipment, has announced a series of capital expenditure (capex) projects aimed at expanding its manufacturing capacity and localisation footprint across key product lines.
The company plans to invest in modernising and expanding facilities in Padappai, Hosur, and Pallavaram in Tamil Nadu, as well as Noida in Uttar Pradesh. The investments will support increased production of high-voltage equipment, digital substations, and grid automation products. The company stated that the capex is aligned with its localisation strategy to strengthen supply chain resilience and meet growing domestic and export demand.
“We are expanding our engineering and manufacturing footprint with an additional investment of INR 8 billion focused on advanced grid technologies,” said Sandeep Zanzaria, Managing Director and Chief Executive Officer of GE Vernova T&D India Limited. “This investment will expand our capabilities at Vadodara for transformers and reactors. We will install new lines for bushings and air core reactors at Hosur and also expand capacities for air-insulated and gas-insulated switchgear products at Hosur and Padappai.”
“This investment of INR 8 billion is in addition to INR 1.4 billion announced in May this year,” said Sandeep Zanzaria. “The above capacities will support domestic markets as well as exports.”
The Padappai facility will see capacity expansion in power transformers and gas-insulated switchgear manufacturing, while the Hosur plant will focus on digital and automation product lines. At Pallavaram, GE Vernova T&D India will enhance production of protection and control systems. The Noida facility will continue to serve as a centre for grid software and engineering services.
The company shared details of these projects in its analyst presentation for the quarter ended 30 September 2025. The company said in its presentation that it is also localising the production of critical components previously imported, with an emphasis on supporting India’s power grid modernisation and renewable energy integration projects. The investments are expected to improve operational efficiency and shorten delivery timelines for key projects.
“For high-voltage direct current (HVDC) projects, we can deliver at least one order with our existing capacities,” said Sandeep Zanzaria. “However, we are preparing ourselves for the future because the HVDC pipeline is strong, and the current investments will increase our readiness.”
“Different products have different capacity utilisation levels,” said Sandeep Zanzaria. “For transformers and reactors, utilisation is already high, but for switchgear and automation systems, there is still room to grow. The new investments will expand that headroom and allow further scale-up.”
For the quarter ended 30 September 2025, GE Vernova T&D India reported revenue of INR 13.1 billion, compared with INR 12.9 billion in the previous quarter. Profit before tax stood at INR 1.5 billion, up from INR 1.1 billion a year earlier, while profit after tax increased to INR 0.4 billion from INR 0.2 billion in the corresponding quarter of the previous financial year.
“Healthy cash balance supported by strong market demand gives us confidence to continue to invest in our core business,” said Sushil Kumar, Whole-time Director and Chief Financial Officer of GE Vernova T&D India Limited. “We have announced INR 8 billion of capital expenditure in addition to INR 2.4 billion announced earlier, leading to an overall expansion plan of INR 10.4 billion, all planned to be sourced from internal accruals.”
“Cost optimisation is a continuous process for us,” said Sushil Kumar. “Since we are investing in existing facilities, it will give us more operating leverage as we do not plan to add significant fixed costs.”
For the first half of the financial year 2025–26, revenue rose to INR 26.1 billion from INR 20.7 billion in the same period last year. The company reported earnings before interest, tax, depreciation, and amortisation (EBITDA) of INR 2.9 billion, compared with INR 2.1 billion in the first half of the previous year, supported by improved project execution and cost optimisation.
GE Vernova T&D India, formerly known as GE T&D India Limited, is part of GE Vernova’s Grid Solutions business. The company provides equipment and systems for power transmission and distribution, including transformers, circuit breakers, switchgear, and automation solutions.
