GE Vernova’s order book faces a revenue conversion test

The Barmer HVDC project has lifted GE Vernova T&D India’s backlog to nearly five times FY26 revenue, but slow execution and a softer order pipeline put the focus on revenue conversion and margins.

The Barmer HVDC project has lifted GE Vernova T&D India’s backlog to nearly five times FY26 revenue, but slow execution and a softer order pipeline put the focus on revenue conversion and margins.