French power equipment maker Alstom's India arm has bagged a contract worth Rs. 106 crore from Reliance Industries Limited for supplying equipment for the latter's Jamnagar refinery in Gujarat.
"Alstom T&D India was recently awarded a contract worth Rs. 106 crore from Reliance Industries for supplying transformer packages for its Jamnagar refinery in Gujarat," the company said in a statement filed with the stock exchanges today.
According to sources, the contract was bagged by Alstom T&D in December 2013.
The scope of the contract includes designing, engineering, manufacturing, supply and supervision of erection and commissioning of transformers and other equipment, the company said.
"We are pleased to partner with RIL once again. We remain committed to delivering high quality, cost effective products and services," said Rathin Basu, managing director, Alstom T&D India.
Shares of the company were trading at Rs. 189.50 apiece, up 3.02 per cent, during afternoon trade on the BSE. Read more..
"Alstom T&D India was recently awarded a contract worth Rs. 106 crore from Reliance Industries for supplying transformer packages for its Jamnagar refinery in Gujarat," the company said in a statement filed with the stock exchanges today.
According to sources, the contract was bagged by Alstom T&D in December 2013.
The scope of the contract includes designing, engineering, manufacturing, supply and supervision of erection and commissioning of transformers and other equipment, the company said.
"We are pleased to partner with RIL once again. We remain committed to delivering high quality, cost effective products and services," said Rathin Basu, managing director, Alstom T&D India.
Shares of the company were trading at Rs. 189.50 apiece, up 3.02 per cent, during afternoon trade on the BSE. Read more..
Source: Automobile News
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