GE Vernova’s Rs. 806 Cr. Investment to Expand Production
GE Vernova T&D India Ltd.’s Board of Directors recently approved an investment of Rs. 806 crore for expanding manufacturing capacities at the company’s existing Vadodara, Hosur, and Padappai plants.
Increasing Transformation & Switchgear Production Capacity
Aforementioned investment aims to expand existing manufacturing capacity of transformers & reactors at their Vadodara facility. Additionally, establishing new manufacturing lines for air and core reactors and bushings at their facility in Hosur. The investment also includes expansion of existing capacities for Gas Insulated Switchgear (GIS) & Air Insulated Switchgear (AIS) products at the Padappai and Hosur locations.
According to the company, this investment will result in a 50% increase in the capacity of transformers and reactors and an increase of up to 25% in the capacity of GIS and AIS products. This expansion is expected to be completed over a period of 3 years, that is starting in 2026 and tentatively ending in 2028. GE Vernova T&D India will fund this expansion using internal accruals.
Speaking about this investment, Mr. Sandeep Zanzaria, Chief Executive Officer & Managing Director of the company, said, “With this growth…we are expanding our engineering and manufacturing footprint with additional investment of 8 billion INR (Rs. 800 Cr.) focused on advanced grid technologies”. He mentioned that this investment of Rs. 806 crore is in addition to the investment of Rs. 140 crore in May 2025 for expansion of its electrification manufacturing and engineering footprint.
Positive Outlook for Transmission Sector – Company Management
During the company’s earnings call for Q2 FY26, Mr. Sandeep Zanzaria shared, “We expect peak power demand to climb by close to 80% by 2032, necessitating an unprecedented expansion of the grid“. Further, talking about the country’s transmission infrastructure requirements, he added that the Government‘s plan for 500 GW of Renewable Energy generation capacity by 2030, 36 GW of Hydro/Pumped Storage Projects and 90 to 100 GW of conventional energy generation by 2035, along with 100 GW of nuclear power generation capacity by 2047 presents massive scope for growth in the power transmission sector. “Since transmission is generation-agnostic, it will continue to be one of the most stable and growth-oriented segments in the coming years”, he said.
Therefore, it is with this outlook in mind that the company is expanding its production of its transformer & switchgear products.
Transformer and Substation Market in India
According to Modor intelligence, the transformer market in India is going to surpass USD 4.47 billion by FY30, projecting a significant expansion in the segment. In FY25 the estimated size of Indian transformer market totalled to about USD 3 billion; hence, the transformer market is expected to grow at a CAGR of 8.33% from 2025-2030.
Mordor Intelligence also estimates the Indian switchgear market is predicted to reach USD 7.85 billion by the year 2030. While, currently, the Indian switchgear market is estimated at USD 5.38 billion. Therefore, from 2025-2030 the Indian switchgear market is expected to grow at a CAGR of 7.86%. These analyses provide an encouraging future outlook for the Indian transformer and switchgear markets.
About GE Vernova T&D India Ltd.: GE Vernova T&D India Limited, formerly GE T&D India Ltd, is a subsidiary of GE Vernova, specializing in power transmission and distribution infrastructure. The company was founded in 1957. GE Vernova T&D India offers a wide range of products and services, from medium to ultra-high voltage equipment, including transformers, switchgears, and substation automation systems.
