GE T&D India has seen a healthy uptick in its order inflows in the third quarter (October to December) of FY21. Key orders from neighbouring countries like Nepal helped boost the order inflow.
According to an investor presentation filed by GE T&D India on stock exchanges, the company saw an order inflow of Rs. 694.90 crore in Q3 of FY21. This was an improvement over Rs. 538.90 crore worth of orders in Q2 and Rs. 443.20 crore in Q1 of FY21.
The total order inflow in the first three quarters (April 1 to December 31) of FY21 stood at Rs. 1,677 crore. This was however nearly 30 percent lower than the Rs. 2361.70 crore worth of orders booked in the same period of FY20.
Key orders in Q3FY21
Some of the major orders booked in Q3 of FY21 included:
- Upgradation of three 220kV GIS substations, located at Khimti, Barhabise and Lapsiphedi in Nepal, to 400 kV GIS substations. The order was placed by Nepal Electricity Authority (NEA).
- An order for a 220kV and a 400kV GIS from Techno Electric Engineering, to be set up at Kasargode in Kerala.
- Order for supplying 3×110 MVAR reactors from Lalitpur Power Generation Company Ltd.
The order for Nepal substations discussed above have a delivery timeline of 36 months. These three substations are a critical part of Nepal’s Sough Asia Subregional Economic Cooperation Power Transmission & Distribution Project, which is funded by Asian Development Bank (ADB) and the Nepal Government, it is learnt.
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Order Backlog
As of December 31, 2020, the order backlog of GE T&D India stood at around Rs. 4,900 crore, representing around 1.5 years of the company’s revenues.
Opportunity in neighbouring countries
According to Pitamber Shivnani, MD & CEO, GE T&D India Ltd, the company was expecting a growth in opportunities from neighbouring countries like Nepal, Bhutan, Bangladesh and Sri Lanka, as these countries are strengthening their power infrastructure. Bangladesh, as Shivnani pointed out, has formulated a development plan that seeks to provide policy support to enhance electricity generation from renewable energy sources.
Featured photograph shows Pitamber Shivnani, MD & CEO, GE T&D India (in centre) whilst on a recent visit to the company’s Hosur plant in Tamil Nadu. This plant has the distinction of being the first manufacturing facility in the world to have designed, manufactured, and supplied a 1,200kV capacitive voltage transformer.
