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CG Power Systems bags Rs 335 cr order from Indonesian firm

Press Trust of India  |  New Delhi 

CG Power & Industrial Solutions Ltd today said its wholly-owned subsidiary has bagged an order worth Indonesian rupiah 744 billion (Rs 335 crore) from state utility (Persero) for manufacturing and supply of 64 units of power transformers.

"CG Power Systems Indonesia, a wholly-owned subsidiary of CG Power & Industrial Solutions Ltd, has bagged an order from Indonesian state utility (Persero) for manufacturing and supply of 64 units of Power Transformers valued at IDR 744 billion," the company said in a BSE filing.

"This project is the first of its kind to be funded by to support PLN's ambitious goal to enhance its transmission grid performance," it added.

The project will be completed by December 2018.

The scope of work includes site survey, design, manufacturing, supply and installation of 64 units (4400 MVA) of power transformers in PLN regions spread from to over Sumatra, Java, Kalimantan, Sulawesi, and Malukku Islands of

Shares of were trading 2.54 per cent higher at Rs 90.70 apiece on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 10:55 IST