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Alstom T&D India moves up on bagging two orders worth Rs 202 crore

16 Jun 2016 Evaluate

Alstom T&D India is currently trading at Rs 372.95, up by 3.90 points or 1.06% from its previous closing of Rs 369.05 on the BSE.

The scrip opened at Rs. 373.50 and has touched a high and low of Rs. 374.80 and Rs. 368.65 respectively. So far 2594 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 607.05 on 09-Jul-2015 and a 52 week low of Rs. 325.75 on 25-May-2016.

Last one week high and low of the scrip stood at Rs. 380.00 and Rs. 361.05 respectively. The current market cap of the company is Rs. 9537.73 crore.

The promoters holding in the company stood at 75.02%, while Institutions and Non-Institutions held 16.86% and 8.12% respectively.

Alstom T&D India, a GE Group Company, has bagged contracts worth over Rs 202 crore from Power Grid Corporation of India (PGCIL) for execution of two projects in Madhya Pradesh. Both the projects will facilitate evacuation of power and add to availability of electricity in the central region. Under the first contract, worth Rs 119.7 crore, Alstom will set up a 400/220kV AIS substation at Rewa. The contract also includes the supply of three 500MVA power transformers and one 125MVAR shunt reactor at 400kV level. The substation will evacuate power from the 750MW solar park coming up at Rewa.

In the second contract, worth Rs 82.8 crore, the company will install, test and commission 16 shunt reactors of 110 MVAR, 765kV, 1-ph and two shunt reactors of 80 MVAR, 400 KV, 3-ph as part of Gadarwara Part (A) Transmission system project in Madhya Pradesh. The project will evacuate power from NTPC's 1600MW, Gadarwara Supercritical Thermal Power Station. The equipment for both the projects will be manufactured at company's facilities in India.

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.

GE Vernova T&D India Share Price

4626.60 -159.35 (-3.33%)
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