RPG Transmission secures orders from Power Grid Corporation of India

RPG Transmission Ltd has announced that the Company has secured two orders worth Rs 193 Crs from Power Grid Corporation of India Ltd. With these orders the unexecuted order book, of the Company stands at around Rs 450 crs.

The first order worth Rs 108 crs has been secured for the supply and construction of a 203 Kms, 500 KV HVDC Transmission Line from Sultanpur to Kanpur associated with the Ballia — Bhiwadi Transmission System, under Global Competitive Bidding. This line is to be constructed in the State of Uttar Pradesh passing through the districts of Sultanpur, Rai Barelly & Unnao. The Project is scheduled to be completed by March 2009.

The second order worth Rs 85 crs also from Power Grid Corporation of India Ltd is for the supply and construction of a 141 Kms. 765 KV Transmission Line from Tendukheda to Bina associated with the Seoni - Bine Transmission System. This line is to be constructed in the State of Madhya Pradesh. The scheduled completion of the project is November 2008.

Announcing this, Mr Ajit Singh Chouhan, Executive Director, of the Company said, "these new orders are a reaffirmation of the capabilities of the RPGT to undertake large-scale EPC projects in power transmission. RPGT is well poised to grow by leveraging its project management and execution capability and by improving operational efficiencies"

Source : Equity Bulls

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