The contracts have been given to South Korea's Hyundai Heavy Industries Company, China's Baoding Tianwei Baobian Electric Company and Areva T&D India
Sterlite Technologies has awarded contracts worth Rs500 crore to three companies, for the Bhopal-Dhule Transmission Project.
The contracts have been given to South Korea's Hyundai Heavy Industries Company, China's Baoding Tianwei Baobian Electric Company and Areva T&D India.
In a statement, Sterlite Technologies said its subsidiary Sterlite Grid Ltd has awarded these contracts through an international competitive bidding process.
The three companies would supply equipment (like 765 kV Transformers and Shunt Reactors) and engineering, procurement and construction (EPC) of two 1500 MVA (765/400KV) sub-stations.
"The total value of these contracts amounts to Rs500 crore. These sub-stations would be set up at Bhopal (Madhya Pradesh) and at Dhule (Maharashtra)," the statement said. These sub-stations are part of the transmission systems strengthening project awarded to Sterlite Grid on a 'build, own, operate and maintain' (BOOM) basis.
"The project involves establishment of four 765 kV Single Circuit transmission lines, two 400 kV Double Circuit transmission lines...and two 765/400 kV substations for strengthening transmission system in Madhya Pradesh, Maharashtra and Gujarat," the statement said.
Sterlite Technologies offers connectivity solutions for telecom and power industries.
In the late afternoon, Sterlite was trading at around Rs41.45 per share on the Bombay Stock Exchange, 4.49% down from the previous close.