Alstom T&D India, a leading player in the power transmission business, has secured a contract from Power Grid Corporation of India (PGCIL), for approximately Euro 17 million (Rs 1.38 billion), to supply transformers and reactors for the expansion of 400/220 kV grid substations across southern India. The project is part of Power Grid's System Strengthening Scheme to boost power handling capacity of substations and stabilise the transmission infrastructure in southern India.

Under this new contract, Alstom will supply six units of 400/220 kV, 500 MVA transformers and two units of 420 kV, 125 MVAs shunt reactors. All equipment will be supplied from Alstom T&D India's manufacturing facilities across the country.

Ratin Basu, managing director of Alstom T&D India said, ''Winning a second project under the System Strengthening Scheme is a major achievement for Alstom, confirming our industrial expertise and leadership. We are delighted to continue contributing to the development of India's national grid infrastructure.''

Shares of the company gained Rs 1.2, or 0.35%, to trade at Rs 342.45. The total volume of shares traded was 6,193 at the BSE (1.52 p.m., Tuesday).