GE T&D India Limited (formerly ALSTOM T&D India Limited) is a leading player in the Power Transmission & Distribution business and it had good news to share.
It has bagged a Rs 150 crore order from Rajasthan Rajya Vidyut Prasaran Nigam (RRVPNL)) for modernisation of its power grid network. This is a part of the utility's roadmap to implement grid initiatives and augmenting renewable energy in the state.
Smart Transmission Network and Asset Management System (STNAMS), RRVPL's state-of-the-art power transmission roadmap, was designed to integrate large-scale renewable energy and support managing existing and future power structure. A first by a state utility in India, the project investment cost Rs.150 crore.
The company said in a statement its Advanced Energy Management System (AEMS) will enable the utility to alter production levels based on demand. The software is part of GE’s Digital Energy portfolio and will provide real-time data acquisition and a decision support system for visualization and situational awareness of the transmission grid.
The stock market has reacted positively with the stock price going up almost 4% to Rs.304. Its 52-week high is at Rs.413.40 and low at Rs.219.