Areva T&D secures complete Turnkey Orders from Essar Steel Ltd

Areva T&D India Ltd has announced that AREVA Transmission & Distribution (T&D) India has bagged its first Turnkey AIS Sub Station contract from ESSAR Steel Ltd at a value of 630 MINR. This 3.9 MTPA Expansion project at Hazira entails the complete Design, Supply, Erection, Testing & Commissioning of 220 kV Switchyard on Turnkey basis and also the supply of 160 MVA, 220 kV, 90 MVA, and 220 kV Power Transformers.

Maharashtra State Electricity Transmission Co. Ltd. (MSETCL) has also placed its first Gas Insulated Switchgear (GIS) complete turnkey solutions order on AREVA T&D India. This order is valued is at 339 MINR. This project endeavours to improve the power quality and reliability for the Infotech city of Pune. The scope includes turnkey execution of the 132/22/11 kV Rasthapeth Substation involving Design, Supply, Civil Work, Erection, Testing and Commissioning of Multiple Bays of 132 kV GIS, 50 MVA and 25 MVA Transformers, Control Relay Panels and Numerical Bay control system. AREVA T&D offers state-of-the-art GIS technology along with Spring operating mechanism and Aluminium enclosure. The product offering also provides an undoubted advantage of compactness, modularity and reliability for the customers.

"AREVA T&D is a market leader in the evolving GIS market segment in India and has the highest number of references, and we also have a distinction of supplying in Hydro Power Plants, Transmission Substations, and to IPP's in India", said Rathin Basu, country president of the Company.

The stock closed the day at Rs.1419, up by Rs.1.45 or 0.10%. The stock hit an intraday high of Rs.1500 and low of Rs.1378. The total traded quantity was 42620 compared to 2 week average of 42733.

Source : Equity Bulls

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