Power and automation technology provider ABB today said it has bagged an order worth Rs 128.3 crore from state-run Power Grid Corporation of India (PGCIL) for setting up a sub-station in Gujarat.     

ABB India has won a Rs 128.3-crore order from PGCIL for a 400-kV gas insulated switchgear sub-station to strengthen the power transmission network in the country's western grid, the company said in a filing to the Bombay Stock Exchange (BSE).     

Also Read   Related Stories News Now - Vanita Kohli-Khandekar: Should media companies get into events? - Areva T&D: No pricing power - Now attack on Indian cabbie in Australia - ABB: Low voltage - ABB India net down 37% in Q1 - BJP's 'chintan baithak' to focus on future

Also Read   Related Stories News Now - Oil, banking stocks fuel rally, Nifty ends above 4,900 - Micro Technologies Q4 profit rises over 3-fold to Rs 24 cr - TVS Motor Q4 net up 31% at Rs 57 cr - SGJHL Q4 net at Rs 160 cr - CII demands dual pricing of diesel More

The substation will strengthen transmission grid and help improve reliability and quality of electricity supply, ABB India Vice-Chairman and MD Biplab Majumdar said.     

Shares of ABB were trading at Rs 724.50, up 1.12 per cent in the afternoon trade on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Oil, banking stocks fuel rally, Nifty ends above 4,900 - Micro Technologies Q4 profit rises over 3-fold to Rs 24 cr - TVS Motor Q4 net up 31% at Rs 57 cr - SGJHL Q4 net at Rs 160 cr - CII demands dual pricing of diesel

Tags : ABB | Power & automation tech | new order | PGCIL   Read Business news in  Advertisements -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More