ABB, a leading player in power and automation technologies, has secured orders worth Rs 1.41 billion from Power Grid Corporation of India to supply 765 kilovolt (kV) ultrahigh voltage power transformers for substations in the northern states of Uttarakhand and Uttar Pradesh.
Three of these ultra-high voltage transformers will be installed at the Meerut substation in the north west of Uttar Pradesh while 14 transformers will be installed in new substations being constructed in Uttarakhand.
The company will design, manufacture, test, transport, erect and commission the 765 kV single-phase autotransformers at the substation sites. The 14 transformers for the greenfield substations in Uttarakhand are rated at 266.7 megavolt ampere (MVA), while the three transformers for the Meerut substation in Uttar Pradesh are 500 MVA.
Pitamber Shivnani, President Power Products, ABB India said, "These transformers will help enhance reliability and efficiency of the grid infrastructure, and in turn contribute to India's vision of bringing quality power to all."
The enhanced transmission capacity will help address growing demand in the region.
Shares of the company gained Rs 10.95, or 0.99%, to trade at Rs 1,115.40. The total volume of shares traded was 3,948 at the BSE (1.32 p.m., Tuesday).