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KEI Industries Bags Order Worth Rs 384 Crore from Power Grid

Published: 25th December 2015 11:07 PM  |   Last Updated: 25th December 2015 11:07 PM   |  A+A-

By PTI

NEW DELHI: Cable maker KEI Industries today said that it has bagged an order worth Rs 384.53 crore from Power Grid Corporation of India.

"... the Company has bagged orders/ notification of awards valuing Rs 384.53 crore from Power Grid Corporation of India," KEI Industries said in a regulatory filing.

The company said the order is for supply and service contracts for package A & B under integrated power development scheme (IDPS) works in Varanasi, Uttar Pradesh.

The Integrated Power Development Scheme (IPDS) is one of the flagship schemes of the Ministry of Power and will be at the core attempt to ensure round the clock power for all.

The IPDS announced in the Union Budget 2014-15 envisages strengthening of sub-transmission network, metering, IT application, customer care services, provisioning of solar panels and the completion of the ongoing works of Restructured Accelerated Power Development and completion of the Reforms Programme (RAPDRP).

The scheme will help in reduction in AT&C losses, establishment of IT enabled energy accounting or auditing system, improvement in billed energy based on metered consumption and improvement in collection efficiency.



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