Alstom T&D India is currently trading at Rs. 341.40, up by 1.20 points or 0.35% from its previous closing of Rs. 340.20 on the BSE.
The scrip opened at Rs. 341.00 and has touched a high and low of Rs. 344.80 and Rs. 337.00 respectively. So far 51820 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 374.15 on 10-Sep-2014 and a 52 week low of Rs. 138.05 on 21-Oct-2013.
Last one week high and low of the scrip stood at Rs. 351.45 and Rs. 325.55 respectively. The current market cap of the company is Rs. 8741.43 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.46% and 8.54% respectively.
Alstom T&D India has secured a contract from Power Grid Corporation of India (PGCIL), for around Rs 138 crore, to supply transformers and reactors for the expansion of 400/220 kV grid substations across southern India. The project is part of Power Grid’s System Strengthening Scheme to boost power handling capacity of substations, and stabilise the transmission infrastructure in southern India.
Under this new contract, the company will supply six units of 400/220 kV, 500 MVA transformers and two units of 420 kV, 125 MVAr shunt reactors. All equipment will be supplied from Alstom T&D India’s manufacturing facilities across the country.
This is Alstom’s second win to strengthen the country’s transmission infrastructure under the System Strengthening Scheme. The first power transmission reinforcement contract was awarded in July 2014 to expand 400/200 kV grid substations across eastern India.
The company is a leading player in power transmission business with a product portfolio ranging from medium voltage to extra high voltage (765 kV) for the utility, industry and infrastructure markets and also designs and manufactures equipment and engineered turnkey solutions to manage power grids.
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