GE Vernova T&D Shares Soar 11% on Major Adani Energy Order Win

• GE Vernova T&D shares surged over 11% after securing a significant order from AESL Projects, an Adani Energy Solutions subsidiary.
• The order involves designing a 2,500 MW HVDC VSC terminal station for renewable power evacuation from Khavda to South Olpad.
• Brokerages estimate the order value between Rs 7,500-12,000 crore, enhancing GE Vernova's long-term revenue visibility.
• Emkay Global maintains a 'Buy' rating with a target price of Rs 3,350, citing strong product portfolio and energy transition benefits.
• The company's stock has seen a remarkable rally, up 49% in 2023 and 165% from its April low.

Why It Matters: GE Vernova T&D's major order from Adani Energy Solutions boosts shares and future outlook.