ABB wins power order worth Rs 165.40 crore

ABB wins power order worth Rs 165.40 croreABB, the leading power and automation technology group, has won an order worth Rs 165.40 from Power Transmission Corporation of Uttarakhand Ltd (PTCUL), for three substations to strengthen the northern Indian region's transmission grid and help deliver clean hydropower to communities in the area.

PTCUL is the power transmission utility responsible for operating and maintaining substations and transmission lines in the north Indian state of Uttarakhand.

Under the arrangement, ABB will design, supply, install and commission the substations, rated at 132 kV (kilovolts), 220 IN and 400 kV respectively, as well as transformers and other major power equipment.

The substations are scheduled for completion in 2011.

Both company officials stated in a release that latest order will help meet growing demand for electricity with renewable power sources, supporting sustainable economic development in the region.

Ahead of positive announcement, the scrip of the company is presently trading with gain of Rs 13 or 2% at Rs 790 on BSE.