GE T&D India at new high

GE T&D India Ltd., a listed entity of GE Vernova’s Electrification business in India, announced that it has secured orders from Power Grid Corporation of India Ltd (PGCIL) to build a State Transmission Asset Management Centre (STAMC) in Odisha, India for Odisha Power Transmission Corporation Limited (OPTCL).

The goal of the Centre is to help OPTCL operate their grid more efficiently, reliably, and resiliently through real-time grid monitoring and control.

Through this project, GE T&D India Ltd. endeavours to provide a comprehensive turnkey solution spanning hundreds of OPTCL substations.

Once complete, the substations are planned to be remotely controlled with advanced grid software solutions including Supervisory Control and Data Acquisiton, Video Monitoring System, Remote Accessibility System and Automated Fault Analysis System, which will be installed at four locations across the state of Odisha.

Unifying data from grid assets like substations and transmission lines is expected to enable the proposed STAMC to provide more complete situational awareness to OPTCL, helping them to make better informed decisions, resolve incidents faster, and optimize resources.

The market is enthused with this development in the company and the stock price reacted accordingly; the stock price opened 2% higher today at Rs.1170 and rose further by 4.5% to hit a new 52-week high at Rs.1198.