Companies & Sectors
Alstom T&D India wins contracts worth Rs225 crore from PowerGrid

 

French company Alstom's Indian unit would set up transmission network for three power projects for PowerGrid in Jharkhand, Chhattisgarh and Maharashtra

New Delhi: Alstom T&D India, an unit of French company Alstom on Thursday said it has won two contracts worth Rs225 crore from state-run PowerGrid Corp for setting transmission network for three power projects, reports PTI.
 
"Alstom T&D India has been awarded two contracts from PowerGrid Corp worth Rs225 crore," the company said in a statement.
 
"The contract worth Rs75 crore is for supply, testing, erection and commissioning of transformers for PowerGrid's substation at Ranchi in Jharkhand," it said.
 
The statement added that another contract worth Rs150 crore is for supply, erection, testing and commissioning of transformers for Dharamjaygarh and Aurangabad substations in Chhattisgarh and Maharashtra, respectively.
 
Transformers will be delivered from the company's manufacturing facility at Vadodra in Gujarat.
 
"These new contract are an opportunity for us to associate with PowerGrid in strengthening the backbone of the country," said Alstom T&D India Managing Director Rathin Basu.
 
Alstom T&D, is the Indian transmission and distribution arm of Alstom Group.

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Alstom T&D India wins contracts worth Rs225 crore from PowerGrid

 

French company Alstom's Indian unit would set up transmission network for three power projects for PowerGrid in Jharkhand, Chhattisgarh and Maharashtra

New Delhi: Alstom T&D India, an unit of French company Alstom on Thursday said it has won two contracts worth Rs225 crore from state-run PowerGrid Corp for setting transmission network for three power projects, reports PTI.
 
"Alstom T&D India has been awarded two contracts from PowerGrid Corp worth Rs225 crore," the company said in a statement.
 
"The contract worth Rs75 crore is for supply, testing, erection and commissioning of transformers for PowerGrid's substation at Ranchi in Jharkhand," it said.
 
The statement added that another contract worth Rs150 crore is for supply, erection, testing and commissioning of transformers for Dharamjaygarh and Aurangabad substations in Chhattisgarh and Maharashtra, respectively.
 
Transformers will be delivered from the company's manufacturing facility at Vadodra in Gujarat.
 
"These new contract are an opportunity for us to associate with PowerGrid in strengthening the backbone of the country," said Alstom T&D India Managing Director Rathin Basu.
 
Alstom T&D, is the Indian transmission and distribution arm of Alstom Group.

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Steel bucks slowdown as imports jumps 69% in April-May

Despite the slowdown in domestic conditions in some of the end-use markets, demand remained firm from sectors like motor vehicles, transport equipment, basic goods, consumer durables and manufacturing

 

New Delhi: India's steel imports jumped by 69% to 1.528 million tonnes (MT) in the first two months of the fiscal due to firm demand from sectors like automobile, consumer durables and manufacturing, reports PTI.

"Despite the slowdown in domestic conditions in some of the end-use markets, demand remained firm from sectors like motor vehicles, transport equipment, basic goods, consumer durables and manufacturing," Joint Plant Committee (JPC) said in a recent note to the Steel Ministry.

India's steel imports during the April-May period of the last fiscal were at 0.907 million tonnes. The total imports in 2011 stood at 8.2 million tonnes, according to World Steel Association, the premier global industry body.

"Given the relatively slow growth in supply conditions, present import growth may well be due to the combined demand impetus provided by these sectors," JPC, a steel ministry body which maintains non-partisan data-bank of the industry, said.

India's production for sale of total finished steel grew by only 4.4% during the period, JPC said. Of the total imports during April-May this year, 1.329 million tonnes were of flat variety and the remaining are non-flat products.

Flat steels are used in consumer durables and fast moving consumer goods, while non-flat varieties find application in construction space.

Attributing the jump in imports to the low base of the corresponding period last year as well, JPC said: "The present domestic demand-supply mismatch reverses this year-on-year situation and leads to a heightened year-on-year rate of growth in imports."

"Price fluctuation is another critical factor influencing trends in imports with the relative strength in domestic prices vis-a-vis import prices, especially in an environment of fluctuating domestic currency," it added.

China was the lead contributor comprising 30% of the total imports during April-May followed by South Korea (19%) and Japan (14%). Ukraine and Belgium are the other two prominent contributors.

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