Siemens Bags Rs. 411-crore Contract from PGCIL.

Siemens has bagged a contract worth Rs. 411 crore from Power Grid Corporation (PGCIL) for setting up three Static Var Compensators (SVCs), each in Punjab, Rajasthan and Jammu & Kashmir. The project will be executed on turnkey basis and the scope of the work includes design, engineering, commissioning and installation of SVCs for three of PGCIL's substations in Ludhiana (Punjab), Kankroli in Rajasthan and New Wangpoh in Jammu & Kashmir, a release issued recently said. A SVC is a high-voltage system that dynamically controls the network voltage and keeps it constant. The order is for one of a series of SVC projects planned by PGCIL to improve grid stability across India, the release said.