Economic TimesLean R·
GE Vernova shares surge 8% as firm declared lowest bidder for Power Grid project; Nomura raises target price
Shares of GE Vernova T&D India rallied as much as 8% to the day’s high of Rs 4,708 on the BSE on Tuesday after emerging as the lowest bidder for a project from Power Grid Corporation of India to design and establish a 6,000 MW, ±800 kV high-voltage direct-current (HVDC) transmission system. The project will evacuate renewable power from Barmer II in Rajasthan to South Kalamb.The company said it received a letter from Power Grid on September 7 informing it that it had emerged as the L1 bidde…
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