ABB bags orders worth $56 mn from PowerGrid.

Power major ABB has won orders worth around Rs. 310 crore ($56 million) from Power Grid Corporation of India Ltd. to supply power transformers and shunt reactors for sub-stations being built to support the country's ultrahigh voltage transmission grid development.

The orders were booked in the fourth quarter of 2013 and in the first quarter of 2014.

India is investing in its ultrahigh voltage network to strengthen its power transmission grid and ABB is playing a key role in supporting this development through turnkey substation solutions and a range of power products, including switchgears and transformers, said Bernhard Jucker, head of ABB's Power Products division.

HBL