Avantha Group Company, CG Power and Industrial Solutions Limited (CG) through its wholly-owned subsidiary, CG Holdings Belgium NV Systems Division has bagged a contract valued at Euro 12.5 Mio (approx.) for high-voltage substations that will connect the Dumat Al Jandal wind farm to the Saudi Arabian electricity transmission grid.
With an installed capacity of 400MW, Dumat Al Jandal will be Saudi Arabia's first large scale onshore wind farm and the largest so far in the Middle East. The wind farm is being developed by a consortium of EDF Renewables and Masdar that will supply power to the Saudi Power Procurement Company, a subsidiary of the Saudi Electricity Company. CG has been selected by the wind farm developer to design and build high voltage substations that will connect the wind farm to the Saudi National Grid.
The 400MW rated wind farm is located 560 miles from north of Riyadh, in the Al Jouf region of North-western Saudi Arabia.
Shares of CG Power and Industrial Solutions Ltd was last trading in BSE at Rs.22.05 as compared to the previous close of Rs. 21.5. The total number of shares traded during the day was 687658 in over 1808 trades.
The stock hit an intraday high of Rs. 22.9 and intraday low of 21.6. The net turnover during the day was Rs. 15353284.