RPP Infra Projects Ltd today said it has entered into a consortium agreement with Siemens for submitting a joint bid to Power Grid Company of Bangladesh to install substations.
In a BSE filing, RPP Infra Projects Ltd said: “It has entered into a consortium agreement with Siemens Ltd, India for submitting a joint bid to Power Grid Company of Bangladesh in respect of design, supply, erection, testing and commissioning of 400 KV, 230 KV and 132 KV substations.”
“The said substation would operate under the name of consortium of ‘Siemens Ltd and RPP Infra Projects Ltd, India. Siemens will be partner in-charge of the consortium,” it added.
“This is a step in right direction for RPP Infra Projects Ltd to go overseas in the international markets for executing projects,” RPP Infra Projects Ltd CMD Arulsundram said.
Shares of RPP Infra Projects Ltd were trading 0.72 per cent up at Rs. 153.30 on the BSE.
Source : thehindubusinessline.com