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Alstom T&D India strengthens on bagging order worth Rs 246.2 crore

12 Dec 2014 Evaluate

Alstom T&D India is currently trading at Rs. 458.00, up by 9.20 points or 2.05 % from its previous closing of Rs. 448.80 on the BSE.

The scrip opened at Rs. 446.00 and has touched a high and low of Rs. 469.70 and Rs. 446.00 respectively. So far 34725 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 495.80 on 01-Dec-2014 and a 52 week low of Rs. 170.00 on 10-Feb-2014.

Last one week high and low of the scrip stood at Rs. 469.90 and Rs. 429.85 respectively. The current market cap of the company is Rs. 11728.21 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 bagged an order of around Rs 246.2 crore from Maharashtra State Electiricity transmission Company to build a 400/220 KV grid substation at Kudus, Alkud and Kondhwa in Maharashtra.

Alstom T&D India wil construct on a turnkey basis, 400/220 KV air insulated substations at Kudus and Alkud including power transformers, substation and automation system. While for Kondhwa the company will build 220/22 KV gas insulated substation on turnkey basis with other equipments. All the equipments will be supplied by 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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