ABB bags order worth Rs 141 crore from MSETCL

ABB bags order worth Rs 141 crore from MSETCLABB, the leading power and automation technology group, has won order worth Rs 141 crore from Maharashtra State Electricity Transmission Company Limited (MSETCL) for substations to help improve the efficiency and reliability of the state's network.

The 220kV and 132kV substation will be located in the Nashik, Amravari and Nagpur zones of the western Indian state of Maharashtra and are an integral part of MSETCL's efforts to reduce transmission and distribution losses. The order was won in the second quarter and the project is scheduled for completion in 2010.

Under the contract, ABB is responsible for the system design and engineering, civil works, supply, installation, commissioning and overall project management.

The turnkey solution includes the supply of a range of circuit breakers, instrument transformers, power transformers, power line carrier communication equipment and the supervisory control data acquisition system to enable better monitoring and control of power supply.

The scrip of the company today settled the day at Rs 683 on BSE, up 4% compared to previous close of Rs 659.