This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Lauren-Jyoti Awards $1.9M Process Order To Rockwell Automation For New Utility-Scale, Solar Thermal Power Plant In India

Stocks in this article: ROK

Lauren-Jyoti, a joint venture between Lauren Engineers & Constructors, a U.S. engineering, procurement and construction company, and Jyoti Power Structures, an Indian counterpart, has awarded a $1.9M order to Rockwell Automation (NYSE: ROK) and its Global Solutions team. Rockwell Automation will provide a PlantPAx-based power plant distributed control system (DCS) solution with solar field local controller panels for Godawari Green Energy in Rajasthan, India and deliver a solution that creates an opportunity to set industry standards in solar power.

Lauren-Jyoti received the contract to construct a 50-megawatt concentrated green field solar power plant for Godawari Green Energy in Rajasthan, India. The plant will be one of the first utility-scale solar thermal power plants commissioned in India, resulting in part by The Jawaharlal Nehru National Solar Mission, an initiative by the Indian government to incentivize companies to increase solar power in India to 20,000 megawatts by 2020.

“This collaboration between Lauren-Jyoti and Rockwell Automation will help build one of the first utility-scale solar thermal power plants in India,” said Siddharth Agrawal, director, Godawari Green Energy. “This solution, support and collaboration will enable us to integrate widespread solar field control with main plant control to achieve better uptime and reliability.”

“Rockwell Automation won the order for its ability to deliver a complete scalable automation solution that includes DCS process control, mirror controllers and motor controls,” said Robert Heard, instrumentation and controls manager, Lauren Engineers and Contractors. “They also provide local support and global collaboration with our U.S.-based engineering company and its India-based teams.”

“Renewable energy is presently a strategic focus in India for achieving long-term energy and ecological security, and solar power has been a major emerging segment. This win is significant because it provides us the opportunity to set industry standards for concentrated solar power plants,” said Terry Gebert, vice president and general manager, Rockwell Automation Global Solutions. “The industry is poised for tremendous potential growth, due to the commitment of different countries to expand current alternative energy capacity. We’re now positioned to be part of this global growth initiative.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs