GE Vernova to invest USD $16 million to expand manufacturing footprint in India to meet rising demand for advanced grid infrastructure
India, May 14 -- GE Vernova announced plans to invest approximately 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 Limited (NSE: GEV T&D), 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 Limited to manufacture and test key next-generation equipment used in modern transmission systems, supporting both India's en...
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