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BHEL, ABB Group consortium wins contract from PGCIL
BHEL in consortium with ABB, Sweden, has bagged the US $1.1bn order from Power Grid
Corporation of India Ltd. (PGCIL) for ultra-high voltage multi-terminal DC transmission
link. This will be the world’s first ±800 kV, 6,000 MW ultra-high voltage multi-terminal DC
transmission link comprising three converter terminals and a power transmission system
with a built-in capacity of up to 8,000MW.
BHEL’s share of the order is valued at ~`1,590cr. ABB Group is expected to transfer
~15% of its order value to its Indian subsidiary. We remain Neutral on BHEL and maintain
our reduce rating on ABB with a target price of `595.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
BHEL, ABB Group consortium wins contract from PGCIL
BHEL in consortium with ABB, Sweden, has bagged the US $1.1bn order from Power Grid
Corporation of India Ltd. (PGCIL) for ultra-high voltage multi-terminal DC transmission
link. This will be the world’s first ±800 kV, 6,000 MW ultra-high voltage multi-terminal DC
transmission link comprising three converter terminals and a power transmission system
with a built-in capacity of up to 8,000MW.
BHEL’s share of the order is valued at ~`1,590cr. ABB Group is expected to transfer
~15% of its order value to its Indian subsidiary. We remain Neutral on BHEL and maintain
our reduce rating on ABB with a target price of `595.
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