Siemens Limited announced that it has won a crucial turnkey order (design, engineering,
commissioning and installation) from Power Grid Corporation of India Limited (PGCIL)
worth approximately Rs. 411 crores. 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 centers is crucial for India’s sustainable progress. It is a matter of immense pride
for Siemens that we have been chosen by Power Grid Corporation to be an integral part of
this project,” said Sunil Mathur, Managing Director and Chief Executive Officer, Siemens