Alstom T&D India is currently trading at Rs. 339.50, up by 5.20 points or 1.56% from its previous closing of Rs. 334.30 on the BSE.
The scrip opened at Rs. 338.60 and has touched a high and low of Rs. 344.45 and Rs. 337.50 respectively. So far 6,864 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 357.80 on 08-Jul-2014 and a 52 week low of Rs. 110.00 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 344.45 and Rs. 324.00 respectively. The current market cap of the company is Rs. 8,692.00 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.55% and 8.45% respectively.
Alstom T&D India has secured an order from Power Grid Corporation of India (PGCIL), for around Rs 200 crore, to supply transformers for the upgrade and expansion of 400/220 kV grid substations across eastern India. The project is part of the Eastern Region Strengthening Scheme of Power Grid, which aims to improve the transmission infrastructure in the states of West Bengal, Odisha and Bihar in eastern India. The new equipment will strengthen power handling capacity of various substations across these states, stabilising the transmission network.
Under this contract, the company will upgrade existing 400/220 kV substations by installing new equipment such as circuit breakers, instrument transformers, protection and control panels. Alstom will supply seven units of 400/220kV, 500MVA transformers and three units of 220/132/33kV, 160 MVA transformers. It will also upgrade two units of 400/220kV 315MVA transformers at the Jamshedpur and NTPC’s Farakka substations. Major equipment will be supplied from Alstom T&D India’s manufacturing facilities across the country.
Alstom T&D India is part of Alstom Grid, a global player in electrical grids. The company’s India operations account for over 13% of overall revenues garnered by Alstom Grid’s global operations. Apart from India business, other major contributors are the operations in France, the US, Germany and China.
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