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GE T&D India sees business potential in RDSS

 

GE T&D India is optimistic of business potential arising from the Rs.3-trillion Centrally-sponsored Revamped Distribution Sector Scheme (RDSS).

In an investor conference, senior officials of GE T&D India said that when it comes to RDSS, the company sees great potential in supplying the distribution management system. GE T&D India has advanced solutions of providing platforms for the distribution management system and is well positioned to grow in that area, officials said.

The company is working closely with private distribution utilities like Tata Power where such solutions have already been implemented and are currently in operation, officials said, adding that GE T&D India was not in the metering part of RDSS, per se.

Such distribution management system projects are largely on the software side, so it would entail more resources for system integration, testing, etc. GE T&D India does not envisage any addition to manufacturing capacity at all when it comes to RDSS, officials elaborated.

 

TBCB projects

Senior GE T&D India officials also observed that during Q2 (July to September) of FY23, there was a “shifting” of ISTS projects awarded under the TBCB route. For instance, several transmission packages in Rajasthan were affected by complications arising from GIB (Great Indian Bustard) inhabitations in the northern states. Some projects in Khavda, Gujarat, have also been affected. Hopeful of these projects finding resolution, GE T&D India expects that active tendering and award of these TBCB projects will take place in Q3 and Q4 of FY23. The company has estimated that potential TBCB-oriented orders worth Rs.500 crore, which were expected in Q2 of FY23, have now been carried over to subsequent quarters.

The order inflow of GE T&D India in Q2 of FY23 did not have much contribution from TBCB projects but instead were focused around GIS products as well as automation and maintenance contracts.

Further, as more and more private players are grooming as power transmission developers under the TBCB modality, GE T&D India expects a growing share of private sector projects in its order inflow.

 

Performance in Q2 of FY23

In Q2 of FY23, GE T&D India recorded order inflows of Rs.486 crore, down 23.4 per as against the corresponding Rs.634.1 crore n Q2 of FY22. The company estimates that it is at L1 position with respect to orders worth Rs.500 crore that are expected to close in Q3 and Q4 of FY23.

 

Key order wins Q2 of FY23, as mentioned above, were largely related to GIS packages, and included:

 

Also read: GE T&D India: Order Inflow Up 27 Per Cent In Q1FY23

As of September 30, 2022, GE T&D India had an outstanding order book of Rs.3457.7 crore. A large chunk of this – around 62 per cent – came from the private sector followed by state utilities with 20 per cent and Central utilities with 18 per cent.

 

(This story is based on various official notifications submitted to GE T&D India to stock exchanges.)

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