Mumbai: Transformer manufacturer Emco on Friday said it has bagged a Rs325 crore order from Maharashtra State Electricity Transmission Company (MSETCL) for setting up three power substations.
The contract involves commissioning of three 400 kv substations at Bhusawal, Chakan and Khaparkheda to evacuate power from projects being set up by Maharashtra Power Generation Company (MPGC), Emco said in a communique to the Bombay Stock Exchange.
MPGC seeks to add 1,250 MW by setting up power plants at Bhusawal, Chakan and Khaparkheda. The state of Maharashtra would offtake the entire power to be generated at the three locations, Emco said.
Emco chairman Rajesh Jain said: “These projects are very important for Maharashtra as the evacuation of the entire additional generation capacity being added by Mahagenco at these locations are to be done through them.”
Shares of Emco were trading at Rs1,111, down 2.11% over Thursday’s closing price in afternoon trade on the Bombay Stock Exchange.