Areva T&D surges on bagging order worth Rs 40 crore with Reliance Power

27 Sep 2011

Areva T&D is currently trading at Rs. 223.90, up by 3.20 points or 1.45% from its previous closing of Rs. 220.70 on the BSE.

The scrip opened at Rs. 222.00 and has touched a high and low of Rs. 225.20 and Rs. 220.55 respectively. So far 8744 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 349.90 on 04-Jan-2011 and a 52 week low of Rs. 204.10 on 26-Aug-2011.

Last one week high and low of the scrip stood at Rs. 227.85 and Rs. 216.10 respectively. The current market cap of the company is Rs. 5277.03 crore.

The promoters holding in the company stood at 73.40% while Institutions and Non-Institutions held 14.67% and 11.93% respectively. 

Areva T&D India’s transmission business, now part of Alstom Grid, has been awarded a contract worth about Rs 40 crore with Reliance Power for turnkey design and construction of 220 kv substation. The contract is for proposed 350 MW Doorsar Solar Power Plant in the state of Rajasthan.

This plant is India’s largest solar power project. The turnkey contract involves design and construction of the substation including transformers, control, protection, monitoring systems and civil works of the plant.

Recently, the company had been awarded a contract worth about Rs 220 crore, by Bhopal Dhule Transmission Co., a subsidiary of Sterlite Technologies, for the construction of two 765 kV Extra High Voltage substations at Bhopal and Dhule in Madhya Pradesh and Maharashtra states (India).

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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