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ABB bags Rs425 crore orders from Powergrid

ABB bags Rs425 crore orders from Powergrid
PTI
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First Published: Tue, Apr 28 2009. 02 36 PM IST
Updated: Tue, Apr 28 2009. 02 36 PM IST
Mumbai: Electrical equipment supplier ABB India today said it has bagged Rs 425 crore orders from state-run power transmission utility Powergrid during the first quarter of the current fiscal.
The scope of orders include design, supply, installation and commissioning of power sub-stations in different states, ABB said in a filing to the Bombay Stock Exchange.
The sub-station projects are part of Powergrid’s programme to strengthen the national transmission grid and to enhance the inter-regional power transfer capacity to around 37,000 megawatts by 2012.
“These sub-stations for the national grid are an integral part of the country’s plans to develop an ultrahigh voltage transmission network,” ABB India vice-chairman and MD Biplab Majumdar said.
Shares of ABB were trading at Rs488.40, marginally up by 0.10% in the afternoon trade on the BSE.
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First Published: Tue, Apr 28 2009. 02 36 PM IST