Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

GE T&D India Limited Achieves Record Transmission of Power on a Super Energy Corridor in India

Posted On: 2019-11-17 23:06:02


GE T&D India Limited has announced a new milestone in its Champa-Kurukshetra ultra-high-voltage direct current (UHVDC) project by successfully energizing the third of four poles planned for the project. This adds an additional 1,500 MW of capacity to the 1,287-km link, which is now transmitting 4,500 MW.

A special feature of the Champa project is the use of an overhead line with dedicated metallic return, which uses a neutral conductor as a part of the DC circuit. GE is the first company in the world to demonstrate this technology with this project and is therefore providing additional value to the customer by eliminating the typical technical and environmental issues associated with the traditional electrode solution.

The transmission line is a crucial component of the Indian government's electricity-for-all initiative and will help provide reliable electricity for millions of people living in the states of Punjab, Haryana, Delhi, Uttar Pradesh and surrounding areas.

New government initiatives and investments have reversed India's longstanding power deficit. With the growing renewable energy market, the nation now boasts a power surplus of over 335 gigawatts (GW) of electrical generating capacity, making it the third-largest electricity producer in the world. However, to meet the government's vision of power-to-all and to ensure last mile connectivity, continuous development of a robust transmission network is vital for the country.

Power Grid Corporation of India (PGCIL), India's largest state-owned transmission company, is helping address this need by connecting the power deficit northern Indian region with power surplus regions of eastern India. PGCIL is using GE's UHVDC technology.

"To enable the government's vision of one nation, one grid, one price and transformation of the power sector, GE has resolved to work with PGCIL and realize the national goal of affordable, efficient and reliable power supply. Backed by unprecedented and innovative technologies, GE's HVDC project will play a key role in meeting the critical power needs for consumers and industry in a large part of the country," said Vishal Wanchoo, President and CEO, GE South Asia and Chairman of GE T&D India Limited.

The Champa-Kurukshetra project transmits electricity from power generating plants located across Chhattisgarh to a GE-built rectifier station in Champa, where it is converted from alternating current (AC) to direct current (DC). The electricity is transported in bulk across the UHVDC line and is then converted back to AC by a GE inverter station in Kurukshetra, Haryana. From there, power is transported to the surrounding rural states who are in need of reliable and consistent electrical power. DC technology efficiently moves electricity over long distances which lowers transmission costs and losses. Additionally, it is a more environment-friendly technology because it requires fewer overhead lines to deliver the same amount of power as HVAC system

Phase 1 of the project, completed in 2017, provided 3,000 MW of transmission capacity. GE recently commissioned Pole-3, adding another 1,500 MW of transmission capacity, marking a key benchmark towards the completion of Phase 2. Once Pole 4 is commissioned, the entire system will transmit 6,000 MW of electricity at 800 kV - making the project one of the largest generation-to-consumption transmission systems in the world.

Shares of GE T&D India Ltd was last trading in BSE at Rs.175 as compared to the previous close of Rs. 177.6. The total number of shares traded during the day was 2314 in over 243 trades.

The stock hit an intraday high of Rs. 180 and intraday low of 172.6. The net turnover during the day was Rs. 409345.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Sadbhav Engineering Ltd reports Rs. 886.63 crore PAT in Q4 FY20

NLC India Ltd's project in Andaman commissioned

Swarnsarita Gems Ltd Q4 consolidated PAT at Rs. 0.26 crore

PNB Housing Finance Ltd reworks business plan for FY2020-21

Arihant Capital Markets Ltd posts Rs. 2.18 crore consolidated PAT in Q4 FY20

Inducto Steel Ltd Q4 FY20 net profit at Rs. 0.52 crore

Dai-Ichi Karkaria Limited enters into agreement for sale of land

Sun Pharma launches 'Thank you Doctor' campaign

Reliance and bp launch 'Jio-bp' partnership

Arihant Capital Markets Ltd Board approves Dividend for FY20

HPL Electric & Power Ltd Q4 FY20 consolidated PAT drops to Rs. 2.51 crore

HPL Electric & Power Limited board recommends final dividend of Rs. 0.15

TCS board declares interim dividend of Rs. 5 for FY2020-21

TCS Q1FY21 consolidated PAT lower at Rs. 7008 crore

Kabra Extrusiontechnik Ltd posts consolidated PAT of Rs. 0.74 crore in Q4

HCC FY20 Revenue at Rs. 3,676 Crore; EBITDA margin at 12.7%

Jaguar Land Rover Reports Q1 Fiscal 2020/21 Retail Sales

Muthoot Capital Services Limited completed transaction of Rs. 100.89 crores through securitization of portfolio

Vessel Seamec Gallant's contract extended for 1 year

W H Brady & Co. Ltd. Q4 FY20 consolidated loss at Rs. 0.24 crore

Arvind Fashions Ltd reports loss of Rs. 204.33 crore in Q4 FY2020

Vedanta readies for post-Covid economic recovery, strengthens its Advisory Board by appointing former Secretary, GoI and ex-SAIL Chief

Arvind Fashions Ltd signs agreement for sale of Flying Machine business

Ind-Ra affirms rating of Arvind SmartSpaces Limited

ALANKIT Ltd enters into Business Correspondent Agreement with IDBI Bank

Hexaware Launches COCO-Unified Teams Bot for Improved Employee Experiences & Seamless Return to Workplaces

Zensar featured in ISG's 2020 Digital Case Studies Book

Britannia Industries Ltd board to approve Q1 results on July 17, 2020

Flipkart Group and Arvind Fashions Strengthen Partnership

SBI Life Insurance Company Ltd board to consider Q1 results on July 21, 2020

BHEL successfully commissions World's first Solar PV Plant for Rail Traction application

Praj strides into the next frontier of Bioeconomy

Hitachi ABB Power Grids India wins INR 120 crore order for Indian Railways electrification

Karur Vysya Bank partners with Tata Motors to offer car loans at attractive terms

IIFL Finance Ltd allots 2000 NCDs

YES Bank files RHP for FPO

Linc Pen and Plastics Ltd update on FY21

Strides receives USFDA approval for Butalbital, Acetaminophen, Caffeine, and Codeine Phosphate Capsules

ICICI Prudential Life Insurance Company Ltd board to approve 1st quarter FY21 results on July 21, 2020

Sharika Enterprises Ltd bags order from BHEL

Swelect Energy Systems Limited board recommends final dividend of Rs. 0.75

SpiceJet facilitates insurance of passengers for COVID-19 hospitalisation starting at Rs. 443/-

Shoppers Stop Limited opens new store at Phoenix Palassio - Lucknow

PI Industries Ltd closes QIP, fixes price as Rs. 1470

YES Bank has sold 2.66% stake in CG Power & Industrial Solutions Limited

NMDC's excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

The Phoenix Mills Ltd. opens doors of its grand palatial shopping mall, Phoenix Palassio, in Lucknow

Swelect Energy Systems Ltd Q4 consolidated loss at Rs. 14.87 crore

Automotive Stampings and Assemblies Ltd reports loss in Q4 FY2020

SKY Industries Ltd posts loss of Rs. 0.63 crore in Q4 FY2020







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019