Alstom T&D India Bags Rs 138-Crore Order From Power Grid
Mumbai: Alstom T&D India has bagged an order worth Rs 138 crore from Power Grid Corporation of India Ltd (PGCIL) to supply transformers and reactors for the expansion of 400/220 kV grid substations in southern parts of the country.
The project is part of PGCIL's system strengthening scheme to boost power handling capacity of substations and stabilise the transmission infrastructure in southern region of the country, a release issued in Mumbai said.
Under the contract, Alstom will supply six units of 400/220 kV, 500 MVA transformers and two units of 420 kV, 125 MVA shunt reactors.
"This is Alstom's second contract under the scheme, which confirms our industrial expertise and leadership. We are delighted to continue contributing to the development of the country's national grid infrastructure," Alstom T&D India managing director Rathin Basu said.
The first power transmission reinforcement contract was awarded in July 2014 to expand 400/200 kV grid substations across eastern India, the release said.
All equipment will be supplied from its manufacturing facilities across the country, it added.
Shares in Alstom T&D India, on Tuesday, ended at Rs 340.20 apiece on the BSE, down 0.31 per cent from the previous close.
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