Alstom T&D India bags five contracts worth Rs 255.80 crore

GE Vernova T&D India Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 522275 | NSE: GVT&D

25 Jul 2013 Evaluate

Alstom T&D India has secured five contracts worth over 255.80 crore (euro 37 million) from Power Grid Corporation of India (PGCIL), for projects across India. These contracts demonstrate the company's expertise in supplying innovative solutions across various product segments to ensure secure, efficient, reliable and environment-friendly energy transmission. The products for all these contracts will be delivered from Alstom T&D's world class factories spread across India.

India is expected to continue to expand its power infrastructure substantially in the coming years to clear the congestion in the existing T&D network, due to the addition of 55,000 MW of generation in the 11th Plan period and to improve the power flow across India's 5 electrical grids, with the additional generation capacity getting added in the 12th Plan period.

In India's Western region, Alstom T&D India won two contracts worth 166.00 crore for the supply, erection, testing and commissioning of 400 kV substation extension packages, including shunt reactors. Once commissioned, these substations will help make more power available to meet the growing demand for electricity in the Western region and will significantly improve the reliability and efficiency of the transmission grid.

Alstom T&D India secured a contract valued at 40.00 crore, for the delivery of 765 kV circuit breakers for various substations across the whole of India. Alstom is a leader in the field of extra- and ultrahigh voltage circuit breakers and is the first global manufacturer to localise production of spring operating high voltage circuit breakers (up to 765 kV) in India. All circuit breakers will be manufactured in its factory located in Padappai (Tamil Nadu).

The other two contracts include the supply of 765 kV reactors for Power Grid's Padghe, Aurangabad, Bhiwani, and Meerut substations for a value of 27.00 crore and 400 kV Reactors for Power Grid's Khandwa Purnia, Gajuwaka Baripada & Bhiwani for a value of 22.80 crore. These reactors will strengthen power transmission network in Northern and Western regions of India and mitigate the gap between demand and supply of power.

The Indian government continues to strengthen its growth ambitions and by 2014, aims to connect the Southern grid to the National grid to create the single largest transmission grid in the world.

GE Vernova T&D India Share Price

4626.60 -159.35 (-3.33%)

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