HindustanTimes Tue,21 Oct 2014

Alstom eyes Rs. 15,000-cr power business in India

HT Correspondent , Hindustan Times  New Delhi, December 13, 2013
First Published: 00:06 IST(13/12/2013) | Last Updated: 00:28 IST(13/12/2013)

Alstom T&D India, an arm of French energy major Alstom, is eyeing new business opportunities of nearly Rs. 15,000 crore in the power transmission space in India over the next three-four years.


Grid security technology is another great opportunity coming up, Rathin Basu, president and managing director of Alstom T&D India, told reporters at a news conference on Thursday.

Specialised components, such as Static Var compensators (SVCs), 1,700 Phasor Measurement Unit (PMUs) used in electricity transmission grids, will be required by March 2017 for strengthening of transmission network in the country.

Basu said as many as 30 SVCs and 1,700 PMUs would be required for the work.

"A series of projects is coming up and they will require several SVCs, PMUs (grip components) in different parts of India and we at Alstom are more than ready to do it," Basu said.

The government has already started the tendering process for SVCs, which is a Rs. 3,000-4,500 crore business opportunity, he said, adding in the PMUs technology space the opportunity is close to Rs. 6,000 crore.

"These devices will make the grid more secure and protected," Basu said.

more from Business

Hindalco, Jindal shares surge on govt decision to auction coal blocks

The new auction-based system will replace the earlier controversial policy of allotting coal blocks based on recommendations of a panel of bureaucrats, which the Supreme Court had struck down last month as arbitrary.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved