HD Hyundai Electric (KRX:267260) secured a contract from Scotland's SP Energy Networks, a subsidiary of electricity generation company Scottish Power, to supply four 400-kilovolt ultra-high voltage transformers, Yonhap News reported Friday.
The transformers will support a substation expansion project in south central Scotland, with delivery scheduled for the second half of 2028, according to the report.
The value of the deal was undisclosed, the report said.
Shares of HD Hyundai Electric rose nearly 1% at market close on Monday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.