ABB, a leading player in power and automation technologies, has secured an order worth around Rs 1.72 billion from Power Grid Company of Bangladesh (PGCB), the country's leading transmission utility, to provide four new turnkey substations and help expand six others to enhance transmission capacity and boost power supply to meet growing demand for electricity.

The four new 132/33kv substations will be constructed at Rangamati, Khagrachori, Bianbazar and Sunamganj. Additionally, six existing substations will undergo expansion. This initiative is part of the country’s ongoing power systems expansion and efficiency improvement program, aimed at upgrading the country’s generation, transmission and distribution systems to increase capacity, improve efficiency, enhance power reliability and reduce environmental impact.

It is estimated that 450,000 households will receive new power connections through this program, and carbon emissions be reduced by almost 2.5 million tons per year.

Shares of the company gained Rs 1.65, or 0.14%, to trade at Rs 1,160.30. The total volume of shares traded was 5,337 at the BSE (3.07 p.m., Monday).