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Alstom T&D secures order from Power Grid-news07062012


Alstom T&D India yesterday (June 06, 2012) said it has bagged a Rs41 crore contract from Power Grid Corporation of India Ltd (PGCIL) for supply, erection of a substation.


The 400/220 kV high voltage alternating current substation at Daltonganj, Jharkhand will be delivered from the company's manufacturing facilities at Padappai in Chennai, Pallavaram in Chennai, Hosur in Tamil Nadu and Noida, a company statement said.

Alstom T&D India managing director Rathin Basu said the Daltonganj substation is critical for the eastern grid.

Jharkhand is a mineral-rich state but is facing a shortage of power generation and an unreliable power transmission system. With the eastern regional strengthening scheme, the state will experience a reliable power transmission network to support the region's growth and development, the statement said.

At 12.15 pm, Alstom T&D India was trading at Rs173.25, up by 1.67%, with a volume of 13336 shares on the BSE.
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