GVT&D

** GE Vernova T&D India GETD.NS rises as much as 5% to a record high of 2,597 rupees; set to gain for second straight day

** Power co reports more than two-fold y/y jump in Q1 net profit; rev up 38.8% y/y

** Q1 order bookings at 16.2 bln rupees ($185.9 mln) vs year-ago 10.3 bln rupees

** Stock rated "buy" on avg; median PT is 2,870 rupees, per data compiled by LSEG

** YTD, GETD gains 19.2%

($1 = 87.1460 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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July 29 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• GE VERNOVA T&D INDIA JUNE-QUARTER NET PROFIT 2.91 BILLION RUPEES

• GE VERNOVA T&D INDIA JUNE-QUARTER REVENUE FROM OPERATIONS 13.30 BILLION RUPEES

Source text: ID:nBSE5bYQgq

Further company coverage: GETD.NS

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Updates shares, adds commentary from conference call, analyst comment in paragraph 5

By Katha Kalia and Sumit Saha

July 23 (Reuters) - Power equipment maker GE Vernova GEV.N raised its full-year free cash flow forecast and beat Wall Street estimates for second-quarter profit on Wednesday, sending its shares up more than 13% to an all-time high.

GE Vernova, which became independent last year after a three-way split of General Electric GE.N, raised its free cash flow (FCF) target between $3 billion and $3.5 billion from earlier forecast of $2 billion to $2.5 billion, and expects 2025 revenue to trend towards the higher end of a range of $36 billion to $37 billion.

The forecast includes an impact of about $300 million to $400 million from U.S. President Donald Trump's currently outlined tariff policy.

GE Vernova also said it expects tariff cost outlook to remain unchanged for the rest of the year.

Jefferies analysts said the robust FCF target raise, which was more than 44% at midpoint, was a "positive surprise."

The upbeat forecasts come at a time when the power industry is bracing for an impact from Trump's shifting tariffs and policies, which have disrupted supply chains, raised costs and threatened the future of offshore wind projects.

GE Vernova posted second-quarter adjusted profit of $1.77 per share, beating analysts' estimate of $1.51, according to data compiled by LSEG, helped by strong performance in its power and electrification units.

According to the U.S. Energy Information Administration, power consumption will hit record highs in 2025 and 2026, driven by rapid expansions in AI and cryptocurrency data centers as well as increased demand from households and businesses.

Core profit from GE Vernova's power segment, which provides steam and gas turbines, jumped about 27% to $778 million, while the electrification unit's profit more than doubled to $332 million from a year ago.

(Reporting by Katha Kalia and Sumit Saha in Bengaluru; Editing by Shinjini Ganguli and Pooja Desai)

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July 3 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• SETTLES INPUT CREDIT MATTER WITH TAX DEPARTMENT

Source text: ID:nNSE6hy8Z3

Further company coverage: GETD.NS

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June 27 (Reuters) - U.S. power equipment maker GE Vernova GEV.N is exploring the sale of its industrial software business, Proficy, in a deal that could fetch as much as $1 billion, Bloomberg News reported on Friday, citing people familiar with the matter.

Following its independence last year after a three-way split of General Electric GE.N, GE Vernova is benefiting from surging domestic power demand.

This demand is expected to hit record highs in 2025, driven by rapid expansions in AI and cryptocurrency data centers, as well as increased energy consumption by households and businesses.

The asset could be sold for between $900 million and $1 billion, the report said.

The company is working with advisers and has reached out to industrial software firms and private equity investors, according to Bloomberg.

GE Vernova declined to comment.

(Reporting by Arunima Kumar in Bengaluru; Editing by Mohammed Safi Shamsi)

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Adds announcements from Amazon and AMD

RIYADH/DUBAI, May 13 (Reuters) - U.S. President Donald Trump secured a $600 billion commitment from Saudi Arabia on Tuesday to invest in the United States after the oil power accorded him a gala welcome at the start of a tour of Gulf states.

A slate of high-profile business deals across Riyadh, Doha and Abu Dhabi were being unveiled this week, with artificial intelligence and emerging technologies taking centre stage as Gulf nations race to secure a foothold in the global AI economy.

Here is an overview of major deals and announcements made on the sidelines of Trump's Gulf visit:

* Amazon Web Services AMZN.O and Saudi Arabia's AI startup Humain announced plans to invest $5 billion-plus in a strategic partnership to build an "AI Zone" in the kingdom.

* U.S. chip firm AMD AMD.O and Humain announced plans to build AI infrastructure that will see them invest up to $10 billion to deploy 500 megawatts of AI computing capacity over the next five years.

* Saudi Arabian DataVolt plans to invest $20 billion in AI data centres and energy infrastructure in the United States.

* Google GOOGL.O , DataVolt, Oracle ORCL.N, Salesforce CRM.N, AMD AMD.O, and Uber UBER.N are committing to invest $80 billion in technologies in both countries.

* Construction consulting firms Hill International, Jacobs, Parsons, and AECOM are building key infrastructure projects such as King Salman International Airport, King Salman Park, The Vault, Qiddiya City, and more, totalling $2 billion in U.S. services exports.

* Additional major exports include GE Vernova's GEV.N gas turbines and energy solutions totalling $14.2 billion and Boeing 737-8 passenger aircraft for AviLease totalling $4.8 billion.

* Healthcare firm Shamekh IV Solutions will be investing $5.8 billion, including a plant in Michigan to launch a high-capacity IV fluid facility.

* Hassana Investment Company and Franklin Templeton signed a memorandum of understanding valued at $150 million to explore a strategic partnership related to investments in Saudi private credit opportunities.

* Saudi Aramco 2222.SE will sign on Tuesday memorandums of understanding with U.S. liquefied natural gas producer NextDecade NEXT.O and utility firm Sempra SRE.N, Aramco's chief executive said.

* U.S. chip giant Nvidia NVDA.O and Saudi Arabia's sovereign wealth fund-owned AI startup Humain announced a partnership.

* U.S.-based investment platform Burkhan World Investments said it signed memorandums of understanding with Saudi partners, totaling $15 billion in new investment commitments.

(Compiled by Manya Saini and Hadeel Al Sayegh; Editing by Alex Richardson)

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Adds CEO comments from press call in paragraphs 2-4, 7, details on outlook in 8-9, updates shares in 10

By Christoph Steitz and Tom Käckenhoff

FRANKFURT/DUESSELDORF, May 8 (Reuters) - Power equipment maker Siemens Energy ENR1n.DE expects a limited hit to profits from U.S. tariffs, citing price increases for new orders as well as a drive to find more local suppliers for parts it needs in its single biggest market.

CEO Christian Bruch said most of the German group's orders contained price adjustment clauses that were cushioning the fallout from far-reaching import tariffs announced by the Trump administration last month.

Calling the tariffs "annoying but manageable", Bruch said that while it was too early to assess their future scope his discussions with U.S. representatives had shown a certain flexibility to change if the local economy was at risk.

"The question will always be 'does it help the USA?'", Bruch told journalists after presenting second-quarter results. "And if it becomes apparent that things are becoming structurally more expensive in the USA, I do believe that there is an openness there."

The United States accounts for around a fifth of Siemens Energy's sales and is home to 12% of the group's staff as well as eight of its production locations that make everything from wind and gas turbines to power grid equipment.

Siemens Energy fleshed out steps to cushion the impact of duties, including measures to buy more supplies locally and better leverage its U.S. "footprint for production, processing and repair of key components".

Bruch said the company currently had about 5,000 local suppliers in the United States.

Factoring in mitigation measures, the company said it expected "up to a high double-digit million euro" hit to its 2025 net profit, quantifying for the first time the impact of the broad U.S. import tariffs.

It currently forecasts a net profit of up to 1 billion euros ($1.1 billion) for its fiscal year ending September.

The company's stock was up 3.6% at 0844 GMT, the biggest rise on Germany's blue-chip index .PG.GDAXI, with analysts pointing to better than expected quarterly results.

Siemens Energy said its net profit rose nearly fivefold to 501 million euros in the second quarter, beating analysts' average estimate of 217 million euros in an LSEG poll.

Peer GE Vernova GEV.N said last month it expected a cost impact of $300 million to $400 million this fiscal year from the tariffs, which have started to disrupt global supply chains.

Siemens Energy said its results for January-March, most of which were flagged in April, marked its best quarter since it was spun off from former parent Siemens AG SIEGn.DE in 2020.

($1 = 0.8856 euros)

(Reporting by Christoph Steitz and Tom Kaeckenhoff. Editing by Ludwig Burger, Sumana Nandy and Mark Potter)

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May 1 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• TO SUPPLY 70 UNITS OF 765 KV TRANSFORMERS TO POWERGRID

Source text: ID:nNSE9t5TbJ

Further company coverage: GETD.NS

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April 2 (Reuters) - GE Vernova GEV.N will aid in turning Homer City Generating Station — previously a coal-power plant in Pennsylvania — into a natural gas-powered data center campus by providing seven turbines to produce nearly 4.5 gigawatts (GW) of power.

The project is expected to begin producing power by 2027. Once complete, it would be the largest natural gas power plant in the U.S., surpassing NextEra Energy's main utility, Florida Power & Light's West County Energy Center, which has a capacity of nearly 3.8 GW, according to data from the U.S. Energy Information Administration.

In a release on Wednesday from Homer City Redevelopment (HCR), which is in charge of the project, it said that construction of the site is expected to begin this year, and GE Vernova will supply the turbines by 2026.

Energy-intensive data centers needed to scale artificial intelligence technologies are expected to push up demand for gas turbines used in large-scale power generation projects.

U.S. natural gas use is set to continue hitting record highs due in part from this demand, but a lack of infrastructure could hurt the industry.

Knighthead Capital Management, which has had significant equity positions in Homer City for nearly eight years, will continue to lead the project financing, HCR added, with an initial capital investment being expected to exceed $10 billion for power infrastructure and site readiness.

(Reporting by Seher Dareen and Mrinalika Roy in Bengaluru; Editing by Alan Barona)

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By Francesco Guarascio

HANOI, March 14 (Reuters) - Top U.S. tech, defence and energy companies including Boeing and Apple will join a large business mission to Vietnam next week, a list of participants seen by Reuters shows, in a possible sign of confidence as the Southeast Asian country seeks to avoid U.S. trade tariffs.

The annual mission organised by the US-ASEAN Business Council, an advocacy group, takes place this year as Vietnam is reviewing its duties on U.S. goods, including on liquefied natural gas, agriculture and high-tech products, while U.S. President Donald Trump threatens to impose more tariffs on trading partners.

Executives from more than 60 U.S. large companies will travel to Vietnam next week, according to the organisers.

Among them are companies already with large operations in the country, including Apple AAPL.O, Intel INTC.O, Coca-Cola KO.N and Nike NKE.N, and also corporations that may seek to expand into Vietnam's booming economy, including Boeing BA.N, Amazon AMZN.O and Bell Textron, according to the list seen by Reuters.

Other participants will be Excelerate Energy EE.N, a provider of floating terminals for liquefied natural gas, and GE Vernova GEV.N, which have both signed provisional deals with Vietnamese companies for the supply of gas equipment, according to a statement on Friday by PetroVietnam Power POW.HM, a state-controlled energy firm.

Vietnamese officials have repeatedly said they want to boost imports of LNG products and services from the United States as a way of reducing the country's trade surplus with Washington, which totalled more than $123 billion in 2024.

The U.S. companies will meet top Vietnamese officials, including Prime Minister Pham Minh Chinh and the General Secretary of the ruling Communist Party To Lam, according to an internal agenda seen by Reuters.

U.S. companies in Vietnam have voiced concerns about their operations in Vietnam, a key manufacturing base for multinational companies, if Trump imposes tariffs on the country.

Exxon Mobil XOM.N, which controls Vietnam's largest although so far untapped gas field, is also joining the mission, the list shows.

Boeing, which has agreements with two Vietnam airlines for the sale of up to 250 planes, is also attending, as it did in past years, according to the list.

Boeing and Bell Textron are among companies that have been in talks for years with Vietnam for the possible sale of helicopters and other military equipment.

Big U.S. financial firms are also on the list, including JPMorgan JPM.N, Visa V.N, Mastercard MA.N and Warburg Pincus.

(Reporting by Francesco Guarascio; Editing by Susan Fenton)

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** Shares of GE Vernova T&D India Ltd GETD.NS rise as much as 4% to 1,415.65 rupees

** Power transmission co gets order from Power Grid Corporation of India PGRD.NS worth 5 bln rupees ($57.4 mln)

** Order for supply and installation of transformers and reactors under bulk procurement

** Stock on track to snap 4-week losing streak; gained 1.7% so far this week

** Mean rating of analysts on stock is 'buy'; their median PT is 2,100 rupees - data compiled by LSEG

** GETD last up 3%, cutting YTD losses to 34.4%

($1 = 87.1275 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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March 4 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• GE VERNOVA T&D INDIA LTD - RECEIVES ORDER FROM POWER GRID CORPORATION OF INDIA

• GE VERNOVA T&D INDIA LTD - GOT THREE ORDERS WORTH 5 BILLION RUPEES

Source text: ID:nNSE9kJDCL

Further company coverage: GETD.NS

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March 3 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• GETS TAX DEMAND ORDER FOR 61.9 MILLION RUPEES, PENALTY OF 6.2 MILLION RUPEES

Source text: ID:nBSE5qjMTT

Further company coverage: GETD.NS

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Feb 5 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• DEC-QUARTER NET PROFIT 1.43 BILLION RUPEES

• DEC-QUARTER REVENUE FROM OPERATIONS 10.74 BILLION RUPEES

Source text: ID:nBSEc4C1DP

Further company coverage: GETD.NS

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Dec 19 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• GE VERNOVA T&D INDIA - GETS ORDER VALUED AT MORE THAN 4 BILLION RUPEES

Source text: ID:nBSE21PrG8

Further company coverage: GETD.NS

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Nov 26 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• GRID EQUIPMENTS TO EXERCISE OVERSUBSCRIPTION OPTION OF 2.91% IN GE VERNOVA T&D INDIA OFS - NOTICE

Further company coverage: GETD.NS

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Nov 8 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• SEPT-QUARTER NET PROFIT 1.45 BILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 11.08 BILLION RUPEES

Source text: ID:nBSE165mt3

Further company coverage: GETD.NS

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Sept 19 (Reuters) - Ge T&D India Ltd GETD.NS:

• TO EXERCISE THE OVERSUBSCRIPTION OPTION IN OFFER FOR SALE

• OFFER SIZE WILL BE UP TO 40 MILLION SHARES OF EQUITY SHARES OF CO

• 4 MILLION SHARES OF CO TO BE RESERVED FOR ALLOCATION TO RETAIL INVESTOR

Source text for Eikon: ID:nNSE3XWqvr

Further company coverage: GETD.NS

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Aug 7 (Reuters) - Ge T&D India Ltd GETD.NS:

• GETS ORDER WORTH 3.05 BILLION RUPEES

Further company coverage: GETD.NS

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July 3 (Reuters) - Ge T&D India Ltd GETD.NS:

• GE T&D INDIA LTD - GETS ORDER WORTH 26 MILLION EUROS

Source text for Eikon: ID:nBSE1VX8nc

Further company coverage: GETD.NS

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May 1 (Reuters) - Ge T&D India Ltd GETD.NS:

• GETS ORDERS FROM POWER GRID CORPORATION OF INDIA

Source text for Eikon: ID:nNSEc0P7v8

Further company coverage: GETD.NS

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April 2 (Reuters) - Ge T&D India Ltd GETD.NS:

• RECEIVED LETTER FROM GENERAL ELECTRIC COMPANY (GEC)

• GEC MADE GLOBAL ANNOUNCEMENT WITH RESPECT TO INTENDED SPLIT OF GEC INTO GE AEROSPACE & GE VERNOVA

• ENERGY BUSINESS OF GEC WILL BE SPUN OFF UNDER GE VERNOVA INC

• SPIN-OFF OF ENERGY BUSINESS TO RESULT IN TRANSFER BY GEC OF 75% OF ULTIMATE, INDIRECT SHAREHOLDING IN CO TO GE VERNOVA INC

• GE VERNOVA INC. WILL SUBSTITUTE GEC AND BECOME ULTIMATE HOLDING CO OF GET&D

Source text for Eikon: ID:nBSE65SNSX

Further company coverage: GETD.NS

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Feb 5 (Reuters) - Ge T&D India Ltd GETD.NS:

• GE T&D INDIA DEC-QUARTER NET PROFIT 493.5 MILLION RUPEES VERSUS PROFIT 47.4 MILLION RUPEES

• GE T&D INDIA DEC-QUARTER REVENUE FROM OPERATIONS 8.39 BILLION RUPEES VERSUS 7.77 BILLION RUPEES

Source text for Eikon: ID:nNSE9HVRsz

Further company coverage: GETD.NS

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Jan 5 (Reuters) - Ge T&D India Ltd GETD.NS:

• APPOINTED RATHINDRA NATH BASU AS CHAIRMAN

• ACCEPTED RESIGNATION OF MAHESH SHRIKRISHNA PALASHIKAR AS CHAIRMAN

Source text for Eikon: ID:nBSE655cVs

Further company coverage: GETD.NS

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Dec 29 (Reuters) - Ge T&D India Ltd GETD.NS:

• GOT ORDER WORTH AROUND 74 MILLION GBP

Source text for Eikon: ID:nBSEc4Zcy6

Further company coverage: GETD.NS

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Oct 31 (Reuters) - Ge T&D India Ltd GETD.NS:

• RECEIVED MAJOR ORDERS FROM POWER GRID CORPORATION OF INDIA

• SECURED ORDERS WORTH ABOUT 5 BILLION RUPEES

• ORDER FOR SUPPLY OF 765 KV POWER TRANSFORMERS AND SHUNT REACTORS FOR PGCIL'S TRANSMISSION SYSTEM PROJECTS

Source text for Eikon: ID:nBSE8Qt20h

Further company coverage: GETD.NS

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Aug 8 (Reuters) - Ge T&D India Ltd GETD.NS:

• GE T&D INDIA LTD JUNE-QUARTER NET PROFIT 282.4 MILLION RUPEES VERSUS PROFIT 63.6 MILLION RUPEES

• GE T&D INDIA LTD JUNE-QUARTER REVENUE FROM OPERATIONS 7.18 BILLION RUPEES VERSUS 5.93 BILLION RUPEES

Source text for Eikon: ID:nBSE5Vc4zT

Further company coverage: GETD.NS

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May 23 (Reuters) - Ge T&D India Ltd GETD.NS:

• MARCH-QUARTER NET LOSS 153.5 MILLION RUPEES VERSUS LOSS 225.3 MILLION RUPEES

• MARCH-QUARTER REVENUE FROM OPERATIONS 7.03 BILLION RUPEES VERSUS 6.62 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GETD.NS

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April 17 (Reuters) - Ge T&D India Ltd GETD.NS:

• NAMES SANDEEP ZANZARIA AS CEO AND MD

Source text for Eikon: ID:nBSE25qjXy

Further company coverage: GETD.NS

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