According to reports, Alstom T&D India today said it has bagged Rs 79-crore contract from state-run Power Grid Corporation for supplying equipment at substations in Uttar Pradesh.
“Alstom T&D India has won an order worth Rs 79 crore (9 million euro) from Power Grid Corporation to provide reactors for substations at Kanpur and Jhatikara in Uttar Pradesh,” the company said in a statement.
The projects are due for delivery in 2015.
The reactors are designed to maintain the voltage level, whatever the load, by limiting over-voltages which can occur due to sudden load decreases.
All equipment for these projects will be manufactured in Alstom’s transformer and reactor manufacturing facility at Vadodara in India, the statement said.
“This contract further reinforces the confidence that Power Grid has in Alstom’s capability to deliver products and solutions from its state of the art manufacturing facilities,” Alstom T&D India Managing Director Rathin Basu said.
Shares of the company closed at Rs 183.15, up 1.86 per cent on the BSE.