Areva bags Rs 1,200-cr power project from JSPL
Areva T&D India, an arm of French power equipment maker Areva, today said it has bagged an order worth about Rs 1,200 crore from domestic steel major Jindal Steel & Power Ltd (JSPL) for a power project.
The company has been awarded this contract for a 400/220 kV substation and power transformers for the steel maker’s green field integrated steel project at Angul in Orissa, Areva T&D India said in a filing to the Bombay Stock Exchange.
The scope of work includes designing, manufacturing, erection and commissioning of transformers, it further said.
The project is scheduled to be completed by December 2010, the company said.
Shares of Areva T&D India were trading at Rs 335, up 2.34 per cent in the afternoon trade on the BSE.
source: Business-Standard
Tags: areva, areva stcok up, Areva T&D india bags order, hot stocks, JSPL, NSE Tips
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