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Alstom Projects spurts as its consortium bags order worth Rs 57.46 crore

17 Apr 2012 Evaluate

Alstom Projects is currently trading at Rs. 375.35, up by 6.30 points or 1.71% from its previous closing of Rs. 369.05 on the BSE.

The scrip opened at Rs. 369.00 and has touched a high and low of Rs. 380.90 and Rs. 368.95 respectively. So far 91140 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 691.90 on 26-Apr-2011 and a 52 week low of Rs. 280.00 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 380.90 and Rs. 344.00 respectively. The current market cap of the company is Rs. 2521.78 crore.

The promoters holding in the company stood at 68.46% while Institutions and Non-Institutions held 15.89% and 15.65% respectively.

Consortium of Alstom Projects India (APIL) and Alstom Transport SA, France has been awarded with a contract for Signaling and Train Control System for Jaipur Metro and the value of APIL’s project is Rs 57.46 crore.

Recently, consortium of Alstom Projects India and PES Engineers awarded with a contract worth approximately Euro 18 million (about Rs 115 crore) by the Uttarakhand Jal Vidyut Nigam (UJVNL).

Alstom Projects is India’s leading environmental control systems provider with 3 GWs worth of orders, accounting for about 50% market share. The company is well positioned to serve India’s growing hydro needs. Projects currently under execution include the 2000 MW Subansiri Lower hydroelectric power plant in the states of Assam and Arunachal Pradesh, India’s largest hydro project.

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