US data centers continue buying Indian transformers despite market volatility
Even with all the recent ups and downs in US tech stocks, American data centers are still snapping up transformers from India.
Companies like CG Power and GE Vernova T&D India say their US orders haven't slowed down at all, showing that demand is steady, no matter what's happening on Wall Street or with recent US midterm election results.
Indian makers expand amid strong demand
To avoid putting all their eggs in one basket, Indian transformer makers are expanding into new regions like the Americas and the Middle East.
CG Power is growing its global footprint, while GE Vernova T&D India is reportedly close to landing a $151 million deal with US data centers.
Experts point out that some clients are even asking for faster deliveries, a good sign that confidence in these projects is still high.
The real challenge? Keeping this momentum going through 2027 as markets keep shifting.