Crompton Greaves (CG) has bagged a significant order from Power Grid Corporation of India (PGCIL) for the supply of 80 MVAR 765kV Shunt Reactors valued at Rs 115 crore. The scope of this contract to be executed in 20 months includes design, engineering, manufacture, shop testing, supply, erection testing and commissioning at site, and other associated civil works.
These reactors will be installed at PGCIL’s Vemagiri and Srikakulam Sub-stations in the state of Andhra Pradesh and will add to the existing population of over 100 CG made reactors already in commission in PGCIL’s UHV network. This order reinforces CG’s existing leadership in the UHV transmission segment in India and its long standing relationship with the Central Transmission Utility.
The company won this order beating stiff global competition and its successful track record having partnered with PGCIL for multiple projects. These reactors when commissioned will not only enhance the transmission efficiency of the national grid, but will also improve the quality of power that reaches the consumer.
Crompton Greaves is currently trading at Rs. 166.25, up by 2.40 points or 1.46% from its previous closing of Rs. 163.85 on the BSE.
These reactors will be installed at PGCIL’s Vemagiri and Srikakulam Sub-stations in the state of Andhra Pradesh and will add to the existing population of over 100 CG made reactors already in commission in PGCIL’s UHV network. This order reinforces CG’s existing leadership in the UHV transmission segment in India and its long standing relationship with the Central Transmission Utility.
The company won this order beating stiff global competition and its successful track record having partnered with PGCIL for multiple projects. These reactors when commissioned will not only enhance the transmission efficiency of the national grid, but will also improve the quality of power that reaches the consumer.
Crompton Greaves is currently trading at Rs. 166.25, up by 2.40 points or 1.46% from its previous closing of Rs. 163.85 on the BSE.
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