MoneyWorks4Me

Siemens bags order worth Rs 570 crore from PGCIL

28 Jun 2016 Evaluate

Siemens has won an order worth approximately Rs 570 crore to supply Static Synchronous Compensator (STATCOM) solutions to Power Grid Corporation of India (PGCIL). The scope of the order includes design, engineering, supply, civil, installation, testing and commissioning of STATCOMs at four substation locations of PGCIL at Ranchi, Rourkela, Kishenganj and Jeypore across the states of Bihar, Jharkhand and Odisha.

The 400 kV STATCOMs is being manufactured at Siemens’ manufacturing plant at Goa. With fast response time of STATCOM controls, power consumers will be benefitted in the form of constant grid voltage and frequency leading to availability of uninterrupted quality power.

Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of energy-efficient, resource-saving technologies; combined cycle turbines for power generation; and power transmission solutions.


Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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