GE Vernova to invest Rs 140 cr to enhance its electrification manufacturing capabilities in India
India, May 14 -- GE Vernova announced plans to invest approximately Rs 140 crore (USD 16 million) in India to expand its electrification manufacturing and engineering footprint' specifically, advanced grid technologies that enable stable, reliable, and secure delivery of electricity.The investment will be made by GE Vernova T&D India, the listed entity of GE Vernova's Electrification business in India and includes the development of a new manufacturing line at its existing facility in Chennai (Pallavaram) and a new facility in Noida. These expansions are expected to enhance the ability of GE Vernova T&D India to manufacture and test key next-generation equipment used in modern transmission systems, supporting both India's energy transition ...
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