Hitachi ABB Power Grids in India, recorded on Indian stock markets as ABB Power Products and Systems India Ltd, declared that it had won a task of more than Rs 100 crore from HPCL Rajasthan Refinery Limited (HRRL), a joint endeavour between the Government of Rajasthan and state-run Hindustan Petroleum Corporation Limited.
The framework improvement will assist with driving its new refinery plant and petrochemical venture in Barmer district, Rajasthan. The project has an all-out handling limit of 9,000,000 metric tons for each annum and is pointed toward creating clean fills and feedstock for textile, bundling just as the oil industry. Aside from this, it is required to make around 1,000 direct jobs upon culmination and up to 40,000 roundabout jobs during development, while adding to the states’ financial turn of events.
Hitachi ABB Power Grids is conveying a 220/66-kilovolt (kV) substation to acclimatize power from the state lattice and convey it easily and effectively to the Barmer processing plant. To augment power accessibility, the substation is furnished with cutting edge substation computerization frameworks to control and secure HRRL’s network.
This venture is essential for the organization’s more extensive methodology to enter the industrial portion and feature its long-standing administration in grid connections and power quality.
At 12.45 pm IST on Thursday, the share of ABB Power Products and Systems India Ltd was exchanging at Rs 945.45, somewhere near 3.10 per cent or Rs 30.25 per share on Bombay Stock Exchange, against a 1.26 per cent gain in the benchmark indices. The 52-week high and low is recorded at Rs 1100 and Rs 714 respectively on the BSE.
It’s a huge contact!!