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Alstom T&D rises on bagging contract worth Rs 158 crore from Meja Urja Nigam

11 Jul 2012 Evaluate

Alstom T&D is currently trading at Rs. 198.00, up by 1.70 points or 0.87% from its previous closing of Rs. 196.30 on the BSE.

The scrip opened at Rs. 196.85 and has touched a high and low of Rs. 199.50 and Rs. 191.10 respectively. So far 23,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 207.00 on 25-Jul-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. 199.50 and Rs. 188.45 respectively. The current market cap of the company is Rs. 4,734 crore.

The promoters holding in the company stood at 73.40% while Institutions and Non-Institutions held 15.56% and 11.04% respectively.

Alstom T&D India has bagged a contract worth Rs 158 crore from Meja Urja Nigam a joint venture company of NTPC and Uttar Pradesh Vidyut Utpadan Nigam (UPRVUNAL).The contract is for the engineering, supply, erection, testing and commissioning of a 400 Kv substation at Meja (Allahabad) in the state of Uttar Pradesh. Meja Cola based power project (2x660MW) is a part of major development programme to increase power capacity in the northern region of the India transmission grid.

The scope of work for this 400 KV substation includes delivery of generation transformer, interconnecting transformation, shunt reactors circuit breakers, instrument transformers and substation automation system. All product will be delivered from company‘s facilities located at Naini in the state of Uttar Pradesh, padappai , hosur and pallavaram  in the state of Tamilnadu .

Alstom T&D India is part of Alstom Grid, a global player in electrical grids. 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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