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Jindal Steel and Power on Thursday said it has bagged Rs 500 crore order from Power Grid Corporation of India Ltd (PGCIL) for supply of 80,000 tonnes of steel, which will be used in setting up two transmission towers in Southern India.
“We are happy to bag the PGCIL order for supplying 80,000 tonnes of steel for setting up transmission towers. Worth Rs 500 crore, the order will be executed from February onwards,” a company spokesperson told PTI.
The steelmaker will be supplying rolled back angle sections for tower packages associated with 765 KV d/c current Vamgiri—Khammam—Hyderabad transmission line and 765 KV d/c Nagapattinam—Salem—Madhugiri transmission line.
JSPL emerged as the lowest bidder for the order, the spokesperson said, adding “it further reinforces the strength, credibility and tenacity of the company’s products“.
Shares of the company were being traded at Rs 423.50 apiece on the BSE in the after-noon session.
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