Siemens wins Power Grid Corp's Rs 411-cr order

Siemens Limited has won a crucial turnkey order (design, engineering, commissioning and installation) from Power Grid Corporation of India Limited (PGCIL) worth approximately Rs 411 crores. The order is for static var compensators (SVCs) for three of PGCIL’s substations - Ludhiana in Punjab, Kankroli in Rajasthan and New Wangpoh in Jammu & Kashmir.
 
A static var compensator is a high-voltage system that dynamically controls the network voltage and keeps the network voltage constant. The order is for one of a series of SVC projects planned by Power Grid Corporation to improve grid stability across India.
 
“The delivery of stable, reliable power supply to meet the increasing demands from industry and urban centres is crucial for India’s sustainable progress. It is a matter of immense pride for Siemens that we have been chosen by Power Grid Corporation to be an integral part of this project,” said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited.