ICSA India bags two orders worth Rs 129.52 cr from PGCIL

ICSA India, which provides technology solutions and infrastructure deployment services, today said it has secured two orders worth Rs 129.52 crore from Power Grid Corporation of India Ltd.

ICSA India, which provides technology solutions and infrastructure deployment services, today said it has secured two orders worth Rs 129.52 crore from Power Grid Corporation of India Ltd.

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The company has bagged the first contract worth Rs 85.54 crore from PGCIL for setting up substations under Bongaigaon TPS Transmission System in north eastern region, ICSA India said in a statement.

"Getting orders from PGCIL underlines the high quality of work done by our power infrastructure division. Going forward we are hopeful of securing similar orders from other big players," ICSA India CMD G Bala Reddy said.

The company has also bagged a second order worth Rs 43.98 crore from PGCIL for design, manufacturing and erection of transformer bays, the statement said.

Shares of ICSA India today closed at Rs 132.65 on the BSE, down 4.12 per cent from previous close.