Alstom T&D India, a leading player in the power transmission business, has secured an order from Power Grid Corporation of India (PGCIL), approximately Euro 25 million (Rs 20 billion), to supply transformers for the upgrade and expansion of 400/220 kV grid substations across eastern India.
The project is part of the Eastern region strengthening scheme of Power Grid, which aims to improve the transmission infrastructure in the states of West Bengal, Odisha and Bihar in eastern India. The new equipment will strengthen power handling capacity of various substations across these states, stabilizing the transmission network.
Ratin Basu, managing director of Alstom T&D India said, ''Alstom is pleased to contribute to the improvement of the power transmission capabilities, both for intra and inter-state grids. Our advanced and localized technologies will reinforce the eastern grid, making it more secure and reliable.''
Shares of the company gained Rs 3.1, or 0.93%, to settle at Rs 337.60. The total volume of shares traded was 9,922 at the BSE (Monday).