Siemens, a leading technology enabled solutions provider, announced that it has secured an order worth approximately Rs 3.17 billion from Bihar Grid Company, a joint venture between Bihar State Power Holding Company and Power Grid Corporation of India.

This is Siemens' first GIS substation order from BGCL and also marks the establishment of the first 220 kv GIS in the state of Bihar.

Bihar Grid Company was formed by the Bihar government in a joint venture with PGCIL, for strengthening and augmenting the transmission system in the state. It is expected that more than 6000 MW electricity will be available to the state from different sources by 2017. The state-wide transmission of this bulk power will require construction of new transmission grids, sub-stations and transmission lines of 400/220/132 kv levels.

Shares of the company declined Rs 17.25, or 1.91%, to settle at Rs 885.45. The total volume of shares traded was 27,429 at the BSE (Friday).