Areva T&D India Limited, the Indian subsidiary of AREVA France SA, has secured four contracts worth Rs 350 crore from Power Grid Corporation of India (PGCIL), the country's largest power transmission utility, for developing four substations in the country.

Under the contract, the company in alliance  with engineering major Larson and Toubro (L&T), would develop four extra high voltage (765 kV) substations at four different locations in the country.

The company will deliver these projects in Lucknow, Ballia (both in Uttar Pradesh), Bina and Satna (both in Madhya Pradesh) in partnership with L&T.

Last week, Areva T&D India picked an order worth Rs 110 crore from State Electricity Transmission Company Limited (SETCL) for construction of WBSETCL's third 400 KV substation in Kharagpur.

Shares of Areva T&D India closed at Rs 339.50, down 5.76 per cent on the BSE.