GE T&D India sees improved order inflows
India, Uttar Pradesh, Noida: GE T&D India has seen a healthy uptick in its order inflows in the third quarter of FY21.
Image for illustration purposes
India, Uttar Pradesh, Noida: GE T&D India has seen a healthy uptick in its order inflows in the third quarter of FY21.
Key orders from neighbouring countries like Nepal helped boost the order inflow.
According to an investor presentation filed by GE T&D India on stock exchanges, the company saw an order inflow of $950 M (Rs. 694.90 crore) in Q3 of FY21. This was an improvement over $737 M (Rs. 538.90 crore) worth of orders in Q2 and $606 M (Rs. 443.20 crore) in Q1 of FY21.
The total order inflow in the first three quarters (1 April to 31 December) of FY21 stood at $2,3 B (Rs. 1,677 crore). This was however nearly 30 % than the $3,2 B (Rs. 2361.70 crore) worth of orders booked in the same period of FY20.
Some of the major orders booked in Q3 of FY21 included:
- Upgrading of three 220 kV GIS substations, located in Nepal, to 400 kV GIS substations. The order was placed by Nepal Electricity Authority (NEA).
- An order for a 220 kV and a 400 kV GIS from Techno Electric Engineering, to be set up in Kerala.
- Order for supplying 3×110 MVAR reactors from Lalitpur Power Generation Company Ltd.
The order for Nepal substations discussed above have a delivery timeline of 36 months. These three substations are a critical part of Nepal’s Sough Asia Subregional Economic Cooperation Power Transmission & Distribution Project, which is funded by Asian Development Bank (ADB) and the Government of Nepal, it is learnt.
According to Pitamber Shivnani, MD & CEO, GE T&D India Ltd, the company was expecting a growth in opportunities from neighbouring countries like Nepal, Bhutan, Bangladesh and Sri Lanka, as these countries are strengthening their power infrastructure.
Source: T&D India