Sterlite Technologies awards contracts worth Rs.500 Crores

Sterlite Grid Limited, a wholly owned subsidiary of Sterlite Technologies Limited, has recently awarded contracts through International Competitive Bidding (ICB) to Hyundai Heavy Industries Company Ltd (South Korea), Baoding Tianwei Baobian Electric Company Ltd (China) and Areva T&D India Ltd. for supplies of equipment (like 765 kV Transformers & Shunt Reactors) and Engineering, Procurement and Construction (EPC) of two 1500 MVA (765/400KV) substations.

The total value of these contracts amounts to Rs. 500 Crores. These sub-stations would be set up at Bhopal (Madhya Pradesh) and at Dhule (Maharashtra).

The sub-stations are part of the transmission systems strengthening project awarded to Sterlite Grid Limited on a 'Build, Own, Operate and Maintain' (BOOM) basis wherein the transmission lines would be commissioned within 3 years and the Company would operate and maintain the same for a minimum tenure of 35 years thereafter.

The project involves establishment of four 765 kV Single Circuit transmission lines, two 400 kV Double Circuit transmission lines (total line length of 1,000 km) and two 765/400 kV substations for strengthening the transmission system in the Indian states of Madhya Pradesh, Maharashtra and Gujarat