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Sunday, October 08, 2006

BHEL bags order for Controlled Shunt Reactor

Bharat Heavy Electricals Limited (Bhel) has received its first commercial order for an indigenously developed Controlled Shunt Reactor (CSR), a device to be used in high voltage transmission lines.The order was received for supply, erection, testing and commissioning of an 80 MVAR, 400kv CSR at Karad Substation on Karad-Lonikand line on a turnkey basis from the Maharashtra State Electricity Transmission Company Limited. The market reacted favourably , share price rose 1.10% to Rs 2,337.Why is it big news?
It is because many new products developed in India fail to generate revenues making investment in R&D a high risk proposition. Technology adoption is a complex process- read the paper `Technology Acceptance Model'.

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