Areva T&D bags Rs 2,871cr order from Qatar

Areva T&D has won a contract from Kahramaa, the Qatar General Electricity and Water Corporation, for Rs 2,871.5 crore (euro 500 million).

The contract is part of the Qatar power transmission system expansion programme, and includes the turnkey delivery of 14 gas-insulated substations (GIS) to develop and improve the network in the Doha region. The equipment is planned for delivery by the first quarter of 2010.

According to a release issued by Areva T&D to the BSE today, the contract is expected to have a direct impact on AREVA T&D in India since Rs 493.89 crore (euro 86 million) of the global order will be produced and exported from the new Padappai /Chennai GIS factory that will start production this year.