GE Vernova to Boost Manufacturing Capabilities in India
GE Vernova plans to invest Rs 140 crore through its listed Indian arm, GE Vernova T&D India, to expand its manufacturing footprint in the country. The investment aims to meet the growing demand for advanced grid infrastructure.
The expansions are anticipated to improve GE Vernova T&D India Ltd's capability to produce and examine essential next-generation equipment utilized in contemporary transmission systems, aiding India's energy transition and export needs from other rapidly growing economies.
The investment initiatives will support GE Vernova in broadening its electrification manufacturing and engineering presence in India, focusing on advanced grid technologies that ensure stable, reliable, and secure electricity delivery.
The funding will be provided by GE Vernova T&D India Ltd, the publicly traded segment of GE Vernova's electrification operations in India, and encompasses the creation of a new manufacturing line at its current site in Chennai (Pallavaram) and a new facility in Noida.
The upcoming expansions will emphasize High Voltage Direct Current (HVDC) and Flexible Alternating Current Transmission Systems (FACTS) technologies, which assist in stabilizing power grids, minimizing transmission losses, and facilitating the integration of renewable energy sources such as solar and wind.
These systems are essential for transferring renewable energy from its production sites, frequently located in isolated regions, to where it is most required—urban areas, industries, and communities.
."With energy demand rising and more renewables being added to the grid, the need for strong, smart, and flexible infrastructure has never been greater," says Sandeep Zanzaria, Managing Director and CEO of GE Vernova T&D India.
The initiative aims to build localised manufacturing capacity to better serve regional needs while contributing to global supply chain resilience.
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It also supports India's ambition to become a renewable energy leader by expanding access to "Make in India" technologies that power everything from homes to factories with more efficiency and less environmental impact.