Areva T&D bags Rs 221 cr order from SAIL

MUMBAI: Electrical equipment maker Areva T&D India on Wednesday said it has bagged a 35 million-euro (Rs 221 crore) order from state-run Steel Authority of India to provide transmission and distribution services to its unit.

The order includes providing Bhillai Steel Plant, a flagship unit of SAIL, with a 132 KV gas insulated sub-station, besides offering protection, control and monitoring system for the existing ones, Areva T&D India said in a filing to the Bombay Stock Exchange.

The project is scheduled to complete by October 2010. "The transmission and distribution markets in India is booming. Thanks to the support of our sales network covering the entire country, we were able to match our customers' expectations," Areva T&D India Country President and Managing Director Rathin Basu said.

Shares of the company were trading at Rs 183.40 on the BSE.