ABB Power Grids wins Rs 165 crore order from Indian Oil

Image
Press Trust of India New Delhi
Last Updated : Apr 20 2020 | 2:42 PM IST

ABB Power Grids on Monday said it has bagged Rs 165 crore order from state-run refiner Indian Oil Corporation.

"ABB Power Grids in India has been chosen by Indian Oil Corporation Ltd (IOCL) to strengthen its mission-critical power infrastructure at its Barauni refinery in Bihar," according to a company statement.

The firm has been awarded the project to ensure reliable grid connection at its Barauni refinery in Bihar, the statement added.

The refiner aims to expand its crude oil processing capacity at the plant by 50 per cent to 9 million tonnes per annum in the next three years. And, this project will ensure power quality for its future operations there.

The technology pioneer is delivering its 220/33 kilovolt gas-insulated switchgear (GIS) substation which will assimilate power from the Bihar State Power Transmission Corporation Ltd and IOCL's captive generation plants and deliver it with efficiency to the Barauni refinery, critical for smoothly running the refinery's complex processing operations.

The GIS substation will also save space by as much as 70 per cent, by virtue of its compact, robust and low-maintenance design.

In addition to this, ABB Power Grids is equipping the substation with its advanced substation automation and network management tools to control and protect IOCL's grid real-time and ensure maximum power availability.

It is also deploying its industry-leading power transformers (125 mega volt amps) to further enhance grid safety and efficiency.

"This order from the IOCL is a milestone in our grid integration projects that will allow us to play a more active role in meeting future energy demand with our pioneering technology solutions," said N Venu, managing director, ABB Power Grids in India, in the statement.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 20 2020 | 2:42 PM IST

Next Story