Siemens will be supplying power transmission technology to power Grid Kala Amb Transmission, a wholly-owned subsidiary of Power Grid Corporation of India. 

The equipment to be supplied is for the upcoming 400/220kV GIS substation at Kala Amb, Himachal Pradesh and is the first GIS station with FSC awarded in India under the build, own, operate and Maintain (BOOM) segment.

In order to meet the present and future load requirements, a 400/220kV GIS substation will be established on a BOOM basis by Line in Line out of the Karcham Wangtoo Hydroelectric Plant.

Shares of the company declined Rs 27.6, or 3.02%, to settle at Rs 887.75. The total volume of shares traded was 57,676 at the BSE (Tuesday).