Siemens wins order worth Rs. 411 crore for supply of Static Var Compensators

 Siemens Ltd. has announced that it has won a crucial turnkey order (design, engineering, commissioning and installation) from PowerGrid Corporation of India Limited (PGCIL) worth approximately Rs. 411 crore. The order is for Static Var Compensators (SVCs) for three of PGCIL’s substations: Ludhiana in Punjab, Kankroli in Rajasthan and New Wangpoh in Jammu & Kashmir.
An SVC is a high-voltage system that dynamically controls the network voltage and keeps the network voltage constant. The order is for one of a series of SVC projects planned by PGCIL to improve grid stability across India.
“The delivery of stable, reliable power supply to meet the increasing demands from industry and urban centres is crucial for India’s sustainable progress. It is a matter of immense pride for Siemens that we have been chosen by PowerGrid Corporation to be an integral part of this project,” said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd.