Hartek Wins Rs 1.1 Bn Order from Power Grid
09 Jan 2025
2 Min Read
CW Team
Hartek Group's power system business unit has secured a Rs 1.1 Billion project in Gujarat from Power Grid Corporation of India Limited (PGCIL), India's largest power transmission company. The project involves an extension of a 765kV AIS substation and 400/220kV substation work, the company said in a statement.
"This milestone highlights Hartek's commitment to further strengthen India's grid infrastructure with reliable, high-quality power solutions while enhancing transmission efficiency and supporting renewable energy integration to meet the country's growing energy demands," it added.
Commenting on the milestone, Simarpreet Singh, Group Executive Director & CEO, Hartek Group, said, "Securing this critical project from PGCIL marks a significant achievement for us and highlights our leadership in the Extra High Voltage (EHV) segment. It demonstrates our ability to deliver complex, large-scale transmission solutions that are essential to India's evolving energy infrastructure".
"This project is a vital addition to the nation's grid expansion efforts, and we are proud to contribute to reliable power delivery and renewable energy integration. As we continue to grow, projects like these strengthen our market position and reinforce our commitment to excellence in the power sector."
765kV substations are instrumental in enhancing India's power transmission capacity, thereby aligning with the Central Electricity Authority's (CEA) projections of substantial grid expansion in the coming years.
Founded in 1991, Hartek group operates through three strategic business units - power systems, renewables & power distribution products and is a Rs 1 billion plus business.
Hartek Group's power system business unit has secured a Rs 1.1 Billion project in Gujarat from Power Grid Corporation of India Limited (PGCIL), India's largest power transmission company. The project involves an extension of a 765kV AIS substation and 400/220kV substation work, the company said in a statement.This milestone highlights Hartek's commitment to further strengthen India's grid infrastructure with reliable, high-quality power solutions while enhancing transmission efficiency and supporting renewable energy integration to meet the country's growing energy demands, it added.Commenting on the milestone, Simarpreet Singh, Group Executive Director & CEO, Hartek Group, said, Securing this critical project from PGCIL marks a significant achievement for us and highlights our leadership in the Extra High Voltage (EHV) segment. It demonstrates our ability to deliver complex, large-scale transmission solutions that are essential to India's evolving energy infrastructure.This project is a vital addition to the nation's grid expansion efforts, and we are proud to contribute to reliable power delivery and renewable energy integration. As we continue to grow, projects like these strengthen our market position and reinforce our commitment to excellence in the power sector.765kV substations are instrumental in enhancing India's power transmission capacity, thereby aligning with the Central Electricity Authority's (CEA) projections of substantial grid expansion in the coming years.Founded in 1991, Hartek group operates through three strategic business units - power systems, renewables & power distribution products and is a Rs 1 billion plus business.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..