Shares of GE T&D India hit a 52-week high of Rs 1,198 on 2 May after the company announced securing new orders from Power Grid Corporation of India for building a state transmission asset management centre in OPTCL. 

In its regulatory filing, the company said that the centre will help Odisha Power Transmission Corporation Limited (OPTCL) in operating the grid through real-time monitoring and control. They will help OPTCL in optimising grid operations and integrate renewable energy sources more effectively. 

The filing added, “GE T&D India announces that it has secured orders from Power Grid Corporation of India to build a state transmission asset management centre in Odisha for OPTCL.” 

After establishing the centre, the substations will be remotely controlled with advanced grid software solutions, including Supervisory Control and Data Acquisition, Remote Accessibility System, Automated Fault Analysis System, and Video Monitoring System, which will be installed in four locations across the state of Odisha. 

Sandeep Zanzaria, MD & CEO of GE T&D India, said, “We are thrilled to have been selected for this important project in Odisha, which represents a major milestone in India’s journey towards decarbonisation and net zero grids. Our innovative STAMC will help empower PGCIL and OPTCL to optimise their grid operations, continue to integrate renewable energy sources more effectively and ultimately contribute to a smarter, resilient and more sustainable grid for the future.”

At 1:32 pm, the shares of GE T&D India were trading 0.85% higher at Rs 1,153 on NSE.