Alstom T&D India has secured an order worth Rs 506.6 million (approximately Euro 6 million), to renovate and modernise 132/33KV grid substations across various locations for Bihar State Power Transmission Company (BSPTCL). The project will strengthen the transmission system and enhance power evacuation capacity under India's 12th Five Year Plan.
Under this contract, Alstom T&D India will replace ageing and defective substation equipment with new, advanced technology including 132 kV and 33kV outdoor circuit breaker, isolator, lightning arrestors, relay control panels and more.
The new equipment will strengthen the substations and hence, stabilise the transmission network in Bihar. Major equipment will be supplied from Alstom T&D India's various manufacturing facilities across the country.
Rathin Basu, managing director of Alstom T&D India said, ''Alstom is pleased to contribute to the optimisation of the electrical infrastructure for the state of Bihar. Our service experts use condition and life assessments to provide high quality, cost-efficient solutions for substation renovation, modernisation or extension.''
Bihar is one of the most rapidly growing states in India, and aims to invest significantly in the coming years to revamp the power sector in the state. The state government plans to replace the obsolete infrastructure, increasing power capacity and providing reliable and uninterrupted electricity to its population of approximately 110 million people.
Shares of the company declined Rs 2.25, or 0.74%, to trade at Rs 300.10. The total volume of shares traded was 116,026 at the BSE (1.15 p.m., Wednesday).