GE T&D India Secures €64M Order from France’s Grid Solutions

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00


GE T&D India receives a €64M order from France’s Grid Solutions. They also report a ₹66.3 crore profit for Q4 2024, reversing last year's loss. Its revenue increased by 30% and the company proposed a dividend of ₹2 per share.

GE T&D India News Today

Power transmission and distribution specialist GE T&D India Ltd. has secured a significant order valued at €64 million from France's Grid Solutions.

This order, announced on Wednesday, will involve the supply of high-voltage products and will be executed over the next two years. The order is part of a larger project being executed for an end customer by the group company.

Financial Performance for Q4 2024

In the March 2024 quarter, GE T&D India reported a net profit of ₹66.3 crore, a significant turnaround from the loss of ₹15.4 crore in the same period the previous year.

This profit increase is attributed to higher revenue, which stood at ₹910 crore, marking a 30% rise from ₹700 crore in the corresponding quarter of the previous year.

Explore: Ge T&d India Limited Share Price

Order Bookings Surge

The company's order bookings surged by 53%, reaching ₹1,330 crore compared to ₹870 crore in the same quarter last year. This increase in orders indicates robust demand and strong business momentum for GE T&D India.

Dividend Proposal

The board of directors has recommended a dividend of ₹2 per equity share for the financial year 2023-24, pending shareholder approval. This marks the first dividend proposal by the company in five years, underscoring its improved financial health and positive cash flow position.

CEO's Remarks

Sandeep Zanzaria, Managing Director and CEO of GE T&D India, expressed optimism about the company's financial health and prospects. He highlighted the strengthened free cash flow position and the proposed dividend as key indicators of the company's robust performance and commitment to returning value to shareholders.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here:

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users


4.3+ App Rating


4 Languages


₹4300 Cr MTF Book