Siemens' shares fell nearly 10% on Friday after management said, "won't participate in LCC tech-based HVDC tenders which are lined up soon". Instead, Siemens will concentrate on VSC-based projects ...

At its Q4FY24 earnings call, Siemens sought to tamper expectations on chunky HVDC orders, which may see delays as India prefers LCC tech against Siemens plans to be only in VSC tech globally.

GE Vernova said it has been chosen through its joint venture, KAPES, by Korea Electric Power Corp. (KEPCO) to deliver its advanced high-voltage direct-current (HVDC) system, based on line commutated ...