ABB bags order worth Rs 310 crore from Power Grid

Power and automation technology group ABB today said it has won orders worth around Rs 310 crore from Power Grid Corporation (PGCIL).
The orders for supplying transformers and shunt reactors to the PSU were bagged between October 2013 and February, the Switzerland-based company said.
"ABB has bagged contracts worth Rs 310 from PGCIL to supply power transformers and shunt reactors for substations being built to support the country's ultrahigh voltage transmission grid development. The orders were booked in the fourth quarter of 2013 and in the first quarter of 2014," an ABB release said here.
Transformers will be installed at PGCIL's greenfield substations being constructed in Kanpur and Varanasi.

These substations will receive power from Jharkhand and West Bengal, and distribute it to Uttar Pradesh to meet growing demand in the region, the release said.
ABB will also supply 26 units of 80 MVA and 10 units of 110 VA, 765 kV ultrahigh voltage single-phase shunt reactors for four substations being built in southern and eastern India.
"These transformers and shunt reactors will help enhance grid reliability and ensure the highest standards of efficiency with reduced life-cycle costs," ABB Head (Power Products Division) Bernhard Jucker said.