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Alstom India jumps on bagging contract worth around Rs 55.40 crore from NTPC

GE Power India Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532309 | NSE: GVPIL

08 Jun 2012 Evaluate

Alstom Projects India is currently trading at Rs. 353.00, up by 2.20 points or 0.63% from its previous closing of Rs. 350.80 on the BSE.

The scrip opened at Rs. 347.30 and has touched a high and low of Rs. 355.00 and Rs. 344.40 respectively. So far 26,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 613.00 on 18-Jul-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. 355.00 and Rs. 327.00 respectively. The current market cap of the company is Rs. 2,365 crore.

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

Alstom India (formerly known as Alstom Projects India) has secured two strategic contracts for the execution of turnkey station control and instrumentation (C&I) for National Thermal Power Corporation’s (NTPC) 660 MW supercritical projects for Solapur and Mouda II located in the state of Maharashtra. These contracts worth close to Rs 55.40 crore have been awarded to Power Automation & Controls (PAC) Business India.

The turnkey scope of the projects covers a combined area of complete station control with ALSPA Control systems - to be manufactured in Alstom’s state-of-the-art manufacturing facilities in India and Europe. While the automation solutions for the project will be integrated locally by setting up a integration facility in India, the electronic cards and assemblies will be manufactured by the company facilities in Europe. The company manages the complete engineering, supply, manufacture, delivery to site, installation, commissioning, testing and quality of the package.

Besides, this is the biggest project for Alstom in the C&I segment in India and also the first contract provided to Alstom by NTPC in the C&I 660 MW segment. As per the tender conditions, PAC India is also expected to get awarded an additional order for three units of 660 MW for the Nabinagar site located in the state of Bihar.

GE Power India Share Price

498.40 -7.25 (-1.43%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
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NCC	161.30
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Alstom India jumps on bagging contract worth around Rs 55.40 crore from NTPC

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