Areva T&D India, the subsidiary of the France-based Areva Group, has received a prestigious order for two 500 MVA Power Transformers from Power Grid Corporation of India Limited.

The latest orders are considered as the highest in ratio 400 KV 3 phase class transformers in the country, which will PowerGrid in augmenting capacities of their 400 KV Substations at Malerkotla and Patiala in Punjab.

Both transformer orders are scheduled to be delivered by Q3 2010.

The company claims that 500 MVA 3 phase Power Transformers order is the first such in the country by any customer, to be manufactured in India.

Areva T&D currently employs over 4600 people in India. The company currently has 16 manufacturing units & 22 sales offices.

The scrip of the Areva T&D closed today at Rs 213, down 11 per cent compared to previous close of Rs 238.