GE T&D India reported a 68 per cent year-on-year growth in its order inflow during Q1 (April to June) of FY24.
In a media release, GE T&D India said that it booked new orders worth Rs.1,006.60 crore in Q1 of FY24, up 67.9 per cent from the comparable Rs.599.50 crore in the same period of FY23.
The key orders booked during the period included:
- Supply of 765kV GIS and 400 kV GIS with busduct for Power Grid Corporation of India Ltd (PGCIL) at Raigarh and Kotra
- Supply of 12 x 765kV, 110 MVAR Shunt Reactors and 4 x 400kV, 41.67 MVAR Bus Reactors from a private transmission company
- Supply of 400kV and 220kV GIS for Karnataka Power Transmission Corporation Ltd at Dommasandra and Mylsandra from a private transmission company
- Supply of 220kV GIS for Gujarat Energy Transmission Corporation Ltd at Radhanesda from a private transmission company
- Extension of 132kV AIS and 220kV GIS with substation automation for Hindalco at Lapanga and Hirakud
- Implementation of SACDA/ADMS control centre in the Colombo region Western Province from Ceylon Electricity Board (CEB) in Sri Lanka
The domestic market accounted for 78 per cent of the Q1FY24 order inflow with exports having a smaller share of 22 per cent.
Strong first quarter
Commenting on the performance, Sandeep Zanzaria, Managing Director & CEO of GE T&D India Ltd, said, “Our team delivered a strong first quarter, with significant order growth and margin improvement. This was driven by our focus on execution and our ability to capture opportunities in the growing Indian power market. The macro-economic conditions in India are favourable for the power sector, with strong demand growth and government support for investment in new infrastructure. We remain committed to safe and lean operations while consistently delivering high quality products and services to our valued customers.”
Order backlog
As of June 30, 2023, the outstanding order book position of GE T&D India stood at Rs.3,940.90 crore. Of this, private utilities had the highest share of 72 per cent, followed by Central utilities with 17 per cent and state utilities with 11 per cent.
Key projects commissioned
During the first quarter of FY24, GE T&D India commissioned several key projects, some of which were:
- Extension of 400kV gas insulated substation for Koppal-Narendra project
- Supply of fourteen 765kV GIS bays for Doosan at Jawaharpur
- Installation of 765/400kV air insulated substation, including 24 reactors and 500MVA interconnected transformers (ICTs) bays for Warora Kurnool Transmission Ltd
- Expansion of 220/66kV GIS, along with 2x63MVA transformers, for Himachal Pradesh Power Transmission Corporation Ltd (HPPTCL)
- Construction of a 110kV GIS for Kerala State Electricity Board (KSEB) at Shoranur
Also read: GE T&D India Reports 26 Per Cent Growth In FY23 Order Booking
Featured photograph relates to the expansion of 220/66kV GIS, along with 2x63MVA transformers, for Himachal Pradesh Power Transmission Corporation Ltd (HPPTCL) at Gumma. The project, commissioned by GE T&D India in Q1 of FY24, entailed construction of two 220kV GIS bays and one 66kV GIS bay at the HPPTCL Gumma substation. The GIS bays will be used to connect the 220kV transmission line from the Wangtoo hydropower project to the 66kV distribution network in the Gumma area.
