GE T&D India, which had closed yesterday at Rs.869.55, opened today at its 5% UC at Rs.913; the stock had hit a new 52-week high yesterday at Rs.915.45.

The reason for this interest on the counter? A new order.

The company, a part of GE Vernova’s Grid Solutions business, has secured orders worth approximately Rs.370 crore from Power Grid Corporation of India (PGCIL) for the supply of 765 kV Shunt Reactors for PGCIL’s various transmission system projects in India.

These projects aim to facilitate the integration of renewable energy into the national electricity grid and enhance electricity transmission within the country, including Rajasthan and Karnataka.

GE T&D India will be responsible for providing the complete equipment package, including design, engineering, manufacturing, testing, erection and commissioning of the 765 kV class reactors at the designated transmission substation sites. The reactors are scheduled for delivery in FY25-26.