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