GE Vernova T&D India

** Shares of GE Vernova T&D India GETD.NS jump 7.36% to 4703.20 rupees

** Co's fourth quarter profit almost doubled y/y to 3.52 billion rupees ($36.34 million, revenue jumped 42% y/y

EXPORT PIPELINE, STRONG MARGINS DRIVE OPTIMISM

** JPMorgan ("overweight") raises TP to 5,050 rupees from 4,300 rupees, citing likely 14 billion rupees-plus US data center export order in Q1FY27 and another large export opportunity in H2

** Motilal Oswal ("buy"; TP: 5,200 rupees) says strong export mix and operating leverage drove robust margin performance, while export opportunities in the U.S. could materially lift FY27 orders

** Emkay ("buy"; TP: 4,750 rupees) says strong order backlog, export visibility and global energy transition-related demand support long-term growth outlook

** Ambit Capital ("sell", TP: 4,450 rupees) raises FY27 estimates, but warns elevated margins may have peaked and domestic order inflows could remain subdued

($1 = 96.8700 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

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May 18 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• GE VERNOVA TD INDIA LTD - DIVIDEND OF 10 RUPEES PER SHARE

• GE VERNOVA TD INDIA LTD MARCH-QUARTER NET PROFIT 3.52 BILLION RUPEES

• GE VERNOVA TD INDIA LTD MARCH-QUARTER REVENUE FROM OPERATIONS 16.37 BILLION RUPEES

Source text: [ID:]

Further company coverage: GETD.NS

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** Shares of GE Vernova T&D India GETD.NS rise 8.8% to 3,162 rupees

** Power distributor's Q3 PAT up 17.1% at 2.91 billion rupees; rev up 58% y/y

** The Indian unit of GE Vernova GEV.N said its Q3 order bookings were up 41% y/y at 29.4 billion rupees

** PhillipCapital says orders remained strong with no slowdown across central utilities or the expanding Tariff Based Competitive Bidding (TBCB) pipeline, supporting solid visibility into FY27, which management expects to be a stronger ordering year

** Analysts have a "Buy" rating on avg; median PT is 3,680 rupees - data compiled by LSEG

** GETD up ~1% so far in Jan

(Reporting by Urvi Dugar in Bengaluru)

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** GE Vernova T&D India's GETD.NS shares rise about 2% to 3,156.9 rupees apiece

** Nomura reiterates "buy" on power T&D company, raises PT to 4,000 rupees from 3,700 rupees, implying about 37% upside over next 12 months

** Cites GETD's long-term earnings growth outlook, hikes FY2028 EPS projection by 3%

** GETD secures 100-billion-rupee ($1.11 billion) contract to design high voltage direct current (HVDC) terminal station

** Nomura says GETD is likely to secure at least one additional domestic HVDC project over next 12-18 months

** Visible pipeline of HVDC projects, capacity expansion boost earnings outlook - Nomura

** Stock rated "buy" on avg by 8 analysts; median PT 3,655 rupees - data compiled by LSEG

** YTD, GETD up nearly 49% vs 0.3% rise in energy index .NIFTYENR

($1 = 89.7570 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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** 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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Adds details throughout

HANOI, March 14 (Reuters) - Vietnamese and Americans firms have signed a series of deals on energy and minerals during a visit to the United States by Vietnam's trade minister, state media and one of the firms said on Friday.

Vietnamese companies are in talks with U.S. firms to buy American crude oil and LNG, said state-controlled PetroVietnam Power, which is a signatory to one of the deals and has executives accompanying the minister on the trip.

Vietnamese trade minister Nguyen Hong Dien is in the United States to discuss trade cooperation, as the Southeast Asian country scrambles to avoid reciprocal tariffs that the Trump administration has threatened globally to reduce America's trade deficit.

PetroVietnam Power in a statement said it has signed a memorandum of understanding with GE Vernova to buy GE equipment for gas-fired power plants.

It did not elaborate on the agreements signed, but said they valued at $4.15 billion. Reuters could not independently confirm that figure.

Other deals include those between PetroVietnam Gas and Conoco Phillips and Excelerate and between Vietnamese oil refiner Binh Son and Kellogg Brown & Root, according to PetroVietnam Power and state media reports.

Other agreements are between Vietnam's fuel trading firm Petrolimex and the U.S. Grains Council, Renewable Fuels Association, Growth Energy, and a mineral processing cooperation deal between Masan Group with U.S. International Development Finance Corp, they said.

The trip came ahead of a deadline U.S. President Donald Trump has set next month for federal agencies to complete comprehensive reviews of a range of trade issues, including analyses of persistent U.S. trade deficits.

In Asia, Vietnam, Taiwan, and Thailand are those most exposed to the possibility of increases in U.S. tariffs due to their high export-to-GDP ratios with the United States, according to a Reuters analysis.

(Reporting by Khanh Vu; Editing by John Mair, Martin Petty)

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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

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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

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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

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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

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