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Alstom T&D India gains on bagging contract worth Rs 74 crore

10 Apr 2012 Evaluate

Alstom T&D India is currently trading at Rs. 181.00, up by 1.60 points or 0.89% from its previous closing of Rs. 179.40 on the BSE.

The scrip opened at Rs. 185.00 and has touched a high and low of Rs. 185.00 and Rs. 181.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.73 on 27-Apr-2011 and a 52 week low of Rs. 132.50 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 186.00 and Rs. 178.40 respectively. The current market cap of the company is Rs. 4,327.00 crore.

The promoters holding in the company stood at 73.40% while Institutions and Non-Institutions held 15.35% and 11.26% respectively.

Alstom T&D India has been awarded a contract worth approximately Rs 74 crore by Jyoti Structures, a leader in turnkey engineering, procurement and construction (EPC) projects in the field of power transmission. The product package will supply Jabalpur and Nellore 765kV substation projects for Power Grid Corporation of India (PGCIL), located respectively in the central states of Madhya Pradesh and Andhra Pradesh.

Alstom T&D India will supply products including circuit breakers, disconnectors, instrument transformers, current transformers and capacitive voltage transformers for several 765/400 Kv substations. These advanced switchgears products will improve power transfer capacity and reliability of India’s electricity grid network enabling bulk power transmission from several generation plants located across the states.

Areva T&D India is a leading player in the Power Transmission and Distribution business upto Extra High Voltage levels (765 kV) and is prepared to meet the demands for equipments and services even at Ultra High Voltage levels (1200 kV).

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