GE TD India to set up high voltage substation in Gujarat

GE T&D India Limited today informed the bourses that the company has secured a contract amounting to Rs. 162 crore from Power Grid Corporation. The contract includes setting up of new 400kV /220kV gas-insulated substation (GIS) and extension of 765kV AIS substation at Bhuj.

Through this project, GE T&D will help evacuate around 2500 MW of wind power generated in Gujarat. After execution of this project, various wind farm developers will be able to transmit the power generated in the state to the Green Energy Power Transmission Corridor.

In the past, GE T&D has executed similar projects for Power Grid to evacuate solar power through the Green Corridor Transmission System.

The total order intake during Q3FY19 stood at Rs. 1441.4 crore vs Rs. 783.2 crore in Q3FY18, showing 84 per cent YoY jump.

GE T&D India is engaged in the business of building the power transmission and distribution infrastructure. It has a portfolio of products, solutions and services, comprising the entire range of transmission equipment.

On Monday, the stock of GE T&D India opened at Rs 295 and made an intra-day high of Rs. 299.80 on the BSE. At 15:27 hours, the stock was trading at Rs. 289 on the BSE. The stock had hit its 52-week high of Rs. 419.65 on March 5, 2018 and its 52-week low of Rs. 219 on December 7, 2018 on the BSE.