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GE Vernova to Invest Rs140 Cr in India to Boost Grid Tech Manufacturing
May 15, 2025
U.S.-based GE Vernova has announced a Rs14 crore investment in India to expand its electrification manufacturing and engineering operations. This investment, routed through its Indian subsidiary GE Vernova T&D India, is part of the company’s broader Rs33,380 crorecapital expenditure plan extending through 2028 under its ‘Asia for Asia’ strategy. The initiative focuses on building localized manufacturing capabilities to strengthen regional supply chains and meet growing electricity infrastructure demands in Asia.
The expansion will involve two key facilities: a new engineering and testing center in Noida and an advanced manufacturing line at the company’s Chennai (Pallavaram) plant. The Noida facility, slated for completion by the end of 2025, will focus on the design and validation of advanced transmission systems, particularly LCC and VSC STATCOM technologies. The Chennai manufacturing line, expected to commence operations in early 2027, will produce high-tech components like line-commutated converter (LCC) HVDC and voltage source converter (VSC) STATCOM valves—vital for high-capacity, long-distance power transmission and grid stability.
These technologies, including HVDC and FACTS (Flexible AC Transmission Systems), are critical to enhancing grid stability, minimizing transmission losses, and integrating renewable energy sources such as solar and wind into the power network. The investment aims to support India’s energy transition goals while meeting export demand from other fast-growing economies.
The move reflects the rising foreign interest in India’s clean energy infrastructure, with FDI in renewables surging by 50% year-over-year in FY 2024, reaching Rs31,397 crore. GE Vernova’s latest investment is poised to further bolster India’s position as a manufacturing and innovation hub for modern energy systems while addressing grid modernization challenges across the region.