GE Vernova Invests Rs 140 Crore to Expand Grid Tech Manufacturing in Chennai, Noida

GE Vernova is investing approximately Rs 140 crore (USD 16 million) to expand its electrification manufacturing and engineering footprint in India through its subsidiary GE Vernova T&D India. The investment includes a new manufacturing line at the Chennai facility producing Line Commutated Converter (LCC) HVDC valves and Voltage Source Converter (VSC) STATCOM valves, along with a new engineering and testing lab in Noida focused on HVDC and Flexible Alternating Current Transmission Systems (FACTS) technologies. These advanced grid technologies are critical for stabilizing power grids, reducing transmission losses, and integrating renewable energy sources like solar and wind into India's urban and industrial centers. The Chennai manufacturing expansion is expected to be operational by early 2027, while the Noida lab is targeted to open by the end of 2025. This investment supports India's energy transition goals and the 'Make in India' initiative, aligning with GE Vernova's broader $4 billion global capital expenditure plan and its 'Asia for Asia' strategy to strengthen regional manufacturing capabilities. GE Vernova’s shares rose following the announcement, reflecting market confidence in the company’s commitment to India's growing energy infrastructure needs.