ABB Power bags project from IOCL worth Rs 165 crore

ABB Power Grids has bagged a project worth Rs 165 crore from state-owned refiner Indian Oil Corporation Limited (IOCL) to ensure reliable grid connection at its Barauni refinery in Bihar.

The refiner aims to expand its crude oil processing capacity at the plant by 50 per cent to nine million tons per annum in the next three years and this project will ensure power quality for its future operations there.

The technology pioneer is delivering its 220/33 kilovolt gas-insulated switchgear (GIS) substation, which will assimilate power from Bihar State Power Transmission Corporation Ltd & IOCL’s captive generation plants and deliver it with efficiency to Barauni refinery, critical for smoothly running the refinery’s complex processing operations. The GIS substation will also save space by as much as 70 per cent, by virtue of its compact, robust and low-maintenance design.

In addition to this, ABB Power Grids is equipping the substation with its advanced substation automation & network management tools to control and protect IOCL’s grid real-time as well as ensure maximum power availability. It is also deploying its industry-leading power transformers (125 mega volt amps) to further enhance grid safety and efficiency.

ABB Power Products & Systems India Limited is the standalone legal entity of ABB’s Power Grids business in India. ABB Power Grids is a global leader and pioneer in power technologies having a presence in more than 90 countries.

On Monday, the stock of ABB Power Products opened at Rs 800. In the early morning session, it surged 1.4 per cent to Rs 809.75 from its previous close of Rs 798.45 on BSE.