Companies & Sectors
Alstom T&D gets Rs176 crore orders from PowerGrid

Alstom T&D will supply, erect, test and commission 80 MVAR and 110 MVAR reactors for 765 kV substations in Bihar, Jharkhand, Chhattisgarh and Uttar Pradesh

Mumbai: Power generation and transmission company Alstom T&D on Wednesday said it has received two contracts worth Rs176 crore from Power Grid Corporation, reports PTI.

The first contract worth Rs105 crore is for the supply, erection, testing and commissioning of 80 MVAR and 110 MVAR reactors for 765 kV substations located at Gaya (Bihar), Ranchi (Jharkhand), Dharamjaygarh (Chhattisgarh) and Varanasi (Uttar Pradesh), the company said in a statement.

The scope of the second order, worth Rs71 crore comprises supply, erection, testing and commissioning of 80 MVAR 765 kV reactors including complete civil work, for the GIS substation at Padghe and the 765 kV substation at Aurangabad in Maharashtra.

"We are delighted to partner with Power Grid for these 765 kV substations to enhance the power transmission network in the states. Since the commissioning of India's first 765 kV substation in 2007, Alstom T&D India continues to maintain its leadership in the extra high voltage segment and looks forward to enhance energy supply in cost-efficient manner," company's Managing Director Rathin Basu said.

Alstom Grid has a vast knowledge and experience in the field of shunt reactors with air-gap cores and magnetic shield, to ensure low vibration and minimal noise levels, he said.

"Our state-of-the-art design regulations for shunt reactors allows for optimised design for safe and reliable operation. The reactors will be delivered from our Vadodara unit," Basu said.

He further said the reactors, once installed in the grid, will strengthen power transmission network in eastern, northern and western regions of the country and mitigate the gap between demand and supply of power, accelerating infrastructural development.

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HC refuses stay on share transfer of Haldia Petro to IOC, ONGC

The West Bengal government and Chaterjee group, promoters of HPL are locked in a bitter battle over transfer of shares of the company

Kolkata: The Calcutta High Court on Wednesday refused to pass an interim stay on any proposal for transfer of shares of Haldia Petrochemicals Ltd (HPL) to Indian Oil or ONGC, reports PTI.

Justice Indira Banerjee, while refusing to pass an interim stay on a plea by Winstar India Investment Company Ltd promoted by the Chatterjee Group (TCG), kept the order in abeyance till 25th June so it could appeal against the order before a higher court.

The court, however, did not intervene on the question of Winstar's submission that it did not have any representation on the board of HPL, despite having a 7.5% stake in the company.

Winstar had moved the court of Justice Indira Banerjee yesterday claiming that a board meeting of HPL was scheduled to be held in Kolkata during the day to allow transfer of shares to Indian Oil or ONGC.

Winstar claimed that it held 7.5% in HPL, but had no representation on the board of the company and as such could not have a say in the proceedings. Justice Banerjee had then directed that status quo be maintained till today.

The West Bengal government and TCG, promoters of HPL, the largest petrochemical company in West Bengal, are locked in a bitter battle over transfer of shares of the company.

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Airtel, other operators pay fine for service quality in Nigeria

Mobile operators in Nigeria blame the bad quality of services on poorly developed infrastructure like electricity which, they say makes it cumbersome to deliver services to subscribers

Abuja: Airtel Nigeria, subsidiary of Bharti Airtel, South Africa's MTN, Abu Dhabi's Etisalat and local operator Globacom have paid $3.7 million in fine imposed on them by the country's telecom regulatory authority for poor quality of service, reports PTI.

"MTN, Globacom and Airtel paid at the close of work on Monday this week, while Etisalat paid at the close of work on Tuesday," Nigerian Communications Commission (NCC) sources who opted to remain anonymous told PTI on the phone.

NCC had penalised the four operators in the country for poor quality of services after a Key Performance Indicators (KPIs) test carried out on their networks for the months of March and April.

The Managing Director and Chief Executive Officer of Airtel Nigeria, Rajan Swarup confirmed to PTI that his company has paid the fine.

Last month, NCC spokesman Reuben Muoka had said the four operators failed to meet with the minimum standard of quality of service.

The NCC had arrived at the decision on testing the operators on four parameters -- Call Set-up Success Rate, Call Completion Rate, Drop Call Rate and Traffic Channel Congestion.

Nigeria has a population of 150 million making mobile telephony a highly profitable venture but customers often complain of poor services.

Many people prefer to carry more than one phone so they could have an alternative connections when one fails. However, the operators blame the bad quality of services on poorly developed infrastructure like electricity which, they say makes it cumbersome to deliver services to subscribers.

Nonetheless, Airtel Nigeria, which started operations in 2010 was awarded as the best GSM operator in the country, 2012 by NCC.

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