GE Vernova T&D India Limited CC-Jun25.pdf · 2025-07-29
So, my question is, when we look back in history, I think INR45 million is peak revenues you guys hit in the last cycle, which also had HVDC embedded into it. And if we take a 30% - 40% increase in the pricing level , it seems like you're already hitting closer to the peak utilization levels. And the kind of capital expenditure announcement of INR150 million looks underwhelming. So, I want to understand about the kind of potential that revenues that you guys can do with the existing capacities, the renovation realignment that you would have done and the new expenditure that you guys have planned for?
Secondly, when we look through some of your peer set and especially the transformer manufacturers, we see that at least a couple of them have already gone for expansion, which is 5 or 7 times the capacity that they had in fiscal year '25. And the industry seems like 150,000 - plus MV expansion in 1 year or 1.5 years. How do you see the competitive scenario? So transformer is one piece of your business. You also have GIS and AIS piece and automation piece. If you could comment a bit on the competitive landscape that you see over a 3 -year period, not just near term? And if you could talk about transformers, AIS, GIS, switchgear, how do you see that compet itive landscape out there and the automation piece? It will be very helpful to us.