Areva T&D India up on receiving order from HVPNL

Areva T&D India is trading in the green on the BSE after the company won an order from Haryana Vidyut Prasaran Nigam (HVPNL) for turnkey design and construction of a 400kV air insulated substation at Nawada near Faridabad.

The scrip is currently trading at Rs 293.85 per share, up 6.50 points or 2.26% on the BSE.

The stock opened at Rs 294.50 as compared to its previous close of Rs 287.35. By now, the counter has touched a high and a low of Rs 295 and Rs 291.30, respectively.

So far, 45,336 shares of the company were traded on the BSE.

The stock touched its 52-week high of Rs 1571 on September 22, 2008 and a 52-week low of Rs 130 on December 2, 2008.

The stock has declined 0.39% since past one week and 1.66% since the last one month.

Areva’s Transmission and Distribution (T&D) division has won an order from Haryana Vidyut Prasaran Nigam (HVPNL) for turnkey design and construction of a 400kV air insulated substation at Nawada near Faridabad. The order involves supply of 2×315 MVA power transformers and high voltage circuit breakers, instrument transformers and other T&D products.

The value of the order is approximately Rs 760 million and is part of a World Bank funded Project for HVPNL. Areva T&D is already involved in construction of HVPNL’s 400 kV substation in Kirori near Hissar.

Areva’s T&D division is an active player around the globe. It designs, manufactures and supplies a complete range of equipments, systems and services for all stages in the transfer of electricity, from the generators to the large end-user.