Alstom T&D India is trading higher by 1% at Rs 223, extending its previous day’s 3% gain, after the company said it has bagged a Euro 20.1 million (approximately Rs 161 crore) contract from state-run Power Grid Corporation for supplying equipment at various centres in North India.
"Alstom T&D India has secured a Euro 20.1 million (Rs 161 crore) contract from Power Grid for upgrading transmission substations at 14 sites across five Indian states, and reactors at Bhiwani (Haryana)," the company said in a statement.
The expansion will reduce transmission line overloading and improve grid stability in North India, the statement said.
The turnkey project covers the design, manufacturing, supply, erection, testing and commissioning of air-insulated equipment, etc along with civil works.
The stock opened at Rs 225 and touched a 52-week high of Rs 227 on the BSE. A combined 58,548 shares changed hands on the counter so far on the BSE and NSE.
"Alstom T&D India has secured a Euro 20.1 million (Rs 161 crore) contract from Power Grid for upgrading transmission substations at 14 sites across five Indian states, and reactors at Bhiwani (Haryana)," the company said in a statement.
The expansion will reduce transmission line overloading and improve grid stability in North India, the statement said.
The turnkey project covers the design, manufacturing, supply, erection, testing and commissioning of air-insulated equipment, etc along with civil works.
The stock opened at Rs 225 and touched a 52-week high of Rs 227 on the BSE. A combined 58,548 shares changed hands on the counter so far on the BSE and NSE.
