Alstom T&D gains on new contract from Powergrid - The New Indian Express

Alstom T&D gains on new contract from Powergrid

Published: 19th March 2014 03:19 PM

Last Updated: 19th March 2014 03:19 PM

Alstom T&D India, a leading player in the power transmission business, gained on Wednesday after it secured a Euro 20.1 million (Rs 1,610 million) contract from Powergrid for the extension of air-insulated substations (AIS) at 14 sites across five Indian states, and 765 kV reactors at Bhiwani. The expansion will reduce transmission line overloading and improve grid stability in North India.

The turnkey project covers the design, manufacturing, supply, erection, testing and commissioning of 765 kV, 400 kV and 220 kV AIS equipment, 765 kV reactors for Bhiwani and 50 MVAR shunt reactor for one of the substations, all with civil works. The equipment for the project will be manufactured at Alstom T&D Indiaâ™s manufacturing facilities across India.Shares ofthe companyare trading at Rs 217.15, up Rs 4, or 1.88% at the Bombay Stock Exchange (BSE) on Wednesday at 2:24 p.m.The scrip has touched an intra-day high of Rs 219.95 and low of Rs 212. The total volume of shares traded at the BSE is 22,995.In the earlier session, the shares climbed 4.79%, or Rs 9.75, at Rs 213.15. Currently, the stock is trading down 3.01% from its 52-week high of Rs 223.90 and above 97.41% over the 52-week low of Rs 110.

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