GE Vernova T&D India

** Shares of GE Vernova T&D India GETD.NS up 7.8% at 4,706 rupees, their highest intraday pct rise since January 29

** The power distributor declared as lowest bidder by Power Grid Corp PGRD.NS for 6000 MW High-Voltage Direct Current (HVDC) terminal station

HVDC ORDER STRENGTHENS GROWTH, REVENUE VISIBILITY

** Macquarie ("Outperform"; PT: 5,470 rupees) says project is among the largest transmission schemes being developed to evacuate renewable energy from Rajasthan and further expands company's exposure to fast-growing HVDC segment

** Brokerage adds that order win reinforces the company's strategy of investing in HVDC-specific manufacturing, improving medium term order book quality and providing multi-year revenue visibility

** Antique Stockbroking ("Buy"; raises PT to 6,482 rupees from 5,243 rupees) believes company is well-positioned to capitalize on India's accelerating power demand and renewable expansion

** Says new HVDC order will further bolster the already robust order book, leading to an upward revision in the earnings trajectory

** Emkay ("Buy"; PT: 5,300 rupees) expect both of company's ongoing HVDC projects to contribute substantially to revenue, FY29E onward

(Reporting by Mridula Kumar in Bengaluru)

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GE Vernova T&D India was named the L1 bidder by Power Grid Corporation of India for a 6,000 MW, ±800 kV HVDC LCC terminal station connecting Barmer II with South Kalamb. The project comprises two 3,000 MW terminals and covers design, supply and execution over multiple years. The South Kalamb project had been described by management as a ₹3,000 crore opportunity on customer hold, with approval due to expire at the September annual general meeting. GE Vernova T&D India reported FY26 revenue of ₹6,206 crore and held a ₹20,930 crore backlog at June 2026.

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Sept 7 (Reuters) - GE Vernova T&D India Ltd GETD.NS:

• NAMED L1 BIDDER FOR 6000 MW HVDC TERMINAL STATION

Further company coverage: GETD.NS

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** Shares of GE Vernova T&D India GETD.NS fall 2.58% to 4,194 rupees

** Co's Q1 net profit rises 24.6% Y/Y, revenue jumps 38% Y/Y

WEAK ORDER INFLOWS, MARGIN PRESSURE CLOUD STRONG EXECUTION

** Jefferies (Hold, PT:4,850 rupees) says Q1 EBITDA missed estimates despite stronger-than-expected sales as weaker gross margins offset the revenue beat; cuts FY27-FY29 EPS estimates by 7%-11% on lower margin assumptions

** Citi (Buy, PT:5,400 rupees) says slower order inflows and delays in large export orders weighed on Q1, lower export execution and higher commodity costs pressured margins

** Nomura (Buy, PT:5,675 rupees) says order inflows fell 30% y/y on weak tendering momentum, but maintains its estimates as management remains confident of achieving its domestic order guidance and mid-20s EBITDA margin

** Macquarie (Outperform, PT:5,470 rupees) says strong domestic execution drove revenue growth, but EBITDA margin fell due to lower export mix and cost inflation

(Reporting by Surbhi Misra in Bengaluru)

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** 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 with close of trading

By Noel Randewich and Nikhil Sharma

July 23 (Reuters) - The S&P 500 notched a record high close on Wednesday, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement U.S. President Donald Trump struck with Japan.

The White House's deal with the European Union would include a broad tariff of 15% on EU goods imported into the U.S., two diplomats said. The rate, which could also extend to cars, would mirror the framework agreement the U.S. has struck with Japan.

The benchmark S&P 500 has now climbed about 8% in 2025.

"The key thing is the markets have confidence that the White House is going to continue to work through these trade deals," said Larry Tentarelli, chief technical strategist for Blue Chip Daily Trend Report.

Shares of GE Vernova GEV.N surged to an all-time high after the power equipment maker raised its revenue and free cash flow forecasts and beat Wall Street estimates for second-quarter profit. GE Vernova has gained over 80% so far in 2025, with power consumption on track to hit record highs due to growing demand from AI and cryptocurrency data centers.

Heavyweight AI chipmaker Nvidia NVDA.O climbed and fueled gains in the S&P 500 and Nasdaq.

Tesla TSLA.O swung between losses and gains ahead of its quarterly report due after the closing bell. Investors will focus on the electric vehicle maker's analyst conference call. They have braced for Tesla to report a steep drop in revenue related to mounting competition, a lack of new car models and a consumer backlash against CEO Elon Musk.

"What you will hear is an awful lot of discussion about the future and a broad acknowledgement that this was a terrible quarter," said Michael Green, chief strategist at Simplify Asset Management in Philadelphia.

Alphabet GOOGL.O dipped, with the Google parent also set to report results after the close of trading.

According to preliminary data, the S&P 500 .SPX gained 49.93 points, or 0.80%, to end at 6,359.91 points, while the Nasdaq Composite .IXIC gained 127.33 points, or 0.61%, to 21,023.67. The Dow Jones Industrial Average .DJI rose 511.35 points, or 1.15%, to 45,013.79.

Wall Street's "fear gauge", the CBOE Volatility Index .VIX, dipped to its lowest level in over five months.

Analysts on average expect S&P 500 companies to report a 7.5% increase in earnings for the second quarter, according to LSEG I/B/E/S. Microsoft MSFT.O, Nvidia and other technology heavyweights that have seen their valuations soar due to their leadership in AI are expected to drive much of that quarterly earnings growth.

Medical equipment maker Thermo Fisher TMO.N surged after beating Wall Street's estimates for second-quarter profit and revenue.

Texas Instruments TXN.O tumbled after its quarterly profit forecast pointed to weaker-than-expected demand for its analog chips and underscored tariff-related uncertainty.

Texas Instruments' report weighed on other analog chipmakers, with NXP Semiconductors NXPI.O, Analog Devices ADI.O and ON Semiconductor ON.O losing ground.

In economic data, U.S. existing home sales fell more than expected in June. Focus now shifts to Thursday's weekly jobless claims numbers and S&P Global's flash PMI data to gauge economic health in the wake of tariff uncertainties.

Following a mixed set of economic data last week, traders have ruled out an interest rate cut by the Federal Reserve next week. Odds for a September reduction stand at about 58%, according to the CME FedWatch tool.

(Reporting by Nikhil Sharma and Pranav Kashyap in Bengaluru, and by Noel Randewich In San Francisco; Editing by Maju Samuel and David Gregorio)

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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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