Areva T&D India Ltd, the Indian arm of French energy firm Areva SA has signed a contract worth Rs 60 crore for Hybrid Gas-Insulated Substation with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL) for Indira Gandhi Nagar substation (Jagatpura) at Jaipur.

A company official said, that this is the first 145 kV hybrid GIS order for AREVA T&D in India and only the second order of its kind in the country.

Under the arrangement, the company will design, engineer, supply, erect and commission on turnkey basis the Hybrid GIS Substation for RRVPNL, including the supply of Transformers and Protection System and Automation.

The contract also includes annual maintenance for three years after commissioning.

The scrip of Areva T&D closed today at Rs 174 on BSE, up 4% compared to previous close of Rs 168. The shares touched an intraday high and low of Rs 177 and Rs 170 respectively.