Alstom T&D India and Alstom Grid UK recently won a Rs 1.82 billion contract from PowerGrid Corporation of India (PGCIL) to supply and refurbish High Voltage Direct Current (HVDC) converter transformers.

These transformers will strengthen the 1000 MW HVDC station at Bhadrawati in Maharashtra, India, which interconnects and moves surplus power from West India to South India.

The turnkey contract includes designing, engineering, manufacturing, refurbishing, erection and commissioning of HVDC converter transformers. These transformers will be manufactured in Alstom's facilities in Vadodara, India and in Satafford, United Kingdom.

Shares of the company gained Rs 2.35, or 0.95%, to trade at Rs 249.15. The total volume of shares traded was 22,945 at the BSE (1.45 p.m., Tuesday).