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GE T&D India Limited Wins Order to Upgrade West Bengal Grid

Posted On: 2019-09-04 20:17:21

As part of its commitment to strengthen and modernize the energy transmission network of the country, GE T&D India Limited (NSE: GET&D; BSE : 522275) announced today that it received a grid upgradation order from West Bengal State Electricity Transmission Company (WBSETCL) that will address the growing energy demand of the state and provide the utility with latest state-of-the-art transmission infrastructure. The order worth approximately INR 90 Crores that GE won through a competitive bidding process, includes construction of three new 132/33 kilovolt (kV) substations using GE's advanced Gas Insulated Switchgear (GIS) technology in Ramnagar, Manbazaar and Birlapur. It also includes an extension of three existing substations at Hurand, Sirakole and Indus by adding two bays each.

With over 11 gigawatts (GW) of generation capacity, West Bengal is working towards improving the availability, reliability and quality of power supply, whilst minimizing transmission and distribution losses. The projects aim at contributing to the state government's ambition to provide 24X7 supply to all electricity consumers and provide electricity access to all unconnected households of the state. Once completed, the substations will strengthen the intra-regional connectivity and ensure better electricity access to people living near these areas, thereby enabling the state to meet the growing demand for electricity.

"We are proud to continue our 30-year partnership with WBSETCL by providing them with our latest grid technologies to help them meet their growing energy needs in a more efficient way. With over 50% of India's power managed on GE's grid technologies, we are helping to meet the needs of the country's electricity consumers including in West Bengal. The new substations will help the state achieve its objective to provide reliable power for all households 24/7, said Sunil Wadhwa, Managing Director of GE T&D India Limited.

GE's GIS technology is one of the most advanced substation technologies in the world and reduces the land requirement to build a substation by up to 70% compared with Air Insulated Substations. It will offer several benefits for West Bengal's grid, including smarter networks, condition-based maintenance and greater load control to prevent outages. The equipment required to construct the substations, including the GIS, shall be locally manufactured and supplied from GE T&D India's state-of-the-art factories in Padappai, Hosur and Pallavaram.

GE T&D India has a strong footprint in West Bengal and with the latest contract awarded, the company is executing projects worth over INR 250 crore to upgrade the state's grid infrastructure. Some of the key ongoing projects include Gas Insulated Substations (GIS) at Burdwan and Salt Lake. GE has been fully committed to modernize the state's power infrastructure and has already completed projects worth approximately INR 750 crores over the last few years in partnership with the state's transmission and distribution utilities like WBSETCL, Damodar Valley Corporation (DVC), and Calcutta Electric Supply Corporation.

Shares of GE T&D India Ltd was last trading in BSE at Rs.150.85 as compared to the previous close of Rs. 150.05. The total number of shares traded during the day was 4126 in over 164 trades.

The stock hit an intraday high of Rs. 156.55 and intraday low of 147.2. The net turnover during the day was Rs. 627788.


Source: Equity Bulls

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