Siemens bags Rs360-crore orders from Power Grid Corp

Infrastructure solutions provider Siemens Ltd said today it has bagged two orders worth a total of Rs360 crore from the Power Grid Corp of India for setting up substations at Gaya in Bihar and Ranchi in Jharkhand.

The turnkey substations would be of 765 kv each, Siemens said in a statement to the Bombay Stock Exchange. The scope of work includes design, engineering, supply, manufacturing, installation and commissioning of the complete substations, it said.

PGCIL is installing these substations under a transmission system associated with the Damodar Valley Corporation and Maithon right bank projects. These substations are green field projects of PGCIL, which will transmit power from DVC right bank, the company said.

"The substations will be fully automated and are compact in design which will enhance our customers to handle the plant more efficiently," Siemens energy sector chief executive A K Dixit said in Mumbai.