Alstom T&D India has bagged contracts amounting Rs 32.5 billion from Power Grid Corporation of India (PGCIL) to build Phase II of the Champa-Kurukshetra Ultra-High Voltage Direct Current (UHVDC) link in Northern India.

This new ±800 kV, 3000 MW transmission link will run in parallel with the first UHVDC transmission link awarded to Alstom in 2012, increasing the total transmission capacity of the advanced UHVDC system to 6000 MW.

Rathin Basu, MD of Alstom T&D India said, ''Alstom has been the frontrunner in deploying the latest HVDC technology and solutions in India. We have been actively associated with Power Grid in establishing back-to-back HVDC systems in the past to improve power flow and grid connectivity between the five electrical regions of India. The Champa-Phase II HVDC project follows the earlier success of Champa-Phase I, and confirms Alstom’s market and technological leadership in the HVDC domain.''

Shares of the company gained Rs 21.05, or 6.63%, to trade at Rs 338.60. The total volume of shares traded was 27,594 at the BSE (1.25 p.m., Monday).