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Alstom T&D India rises on aim to achieve top-line of Rs 14,000 crore till 2017

13 Dec 2013 Evaluate

Alstom T&D India is currently trading at Rs. 178.00, up by 0.95 points or 0.54% from its previous closing of Rs. 177.05 on the BSE.

The scrip opened at Rs. 177.00 and has touched a high and low of Rs. 179.00 and Rs. 175.00 respectively. So far 567 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 208.00 on 04-Feb-2013 and a 52 week low of Rs. 110.00 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 169.65 respectively. The current market cap of the company is Rs. 4556.35 crore.

The promoters holding in the company stood at 80.31% while Institutions and Non-Institutions held 10.46% and 9.23% respectively.

Alstom T&D India, the Indian subsidiary of euro 20-billion global power equipment maker is aiming to achieve top-line of Rs 14,000 crore in the country’s transmission and distribution segments till 2017.

The company is hoping to achieve the same from three sets of tenders from state-owned transmission utility Powergrid Corporation for procuring equipment to boost grid health. These includes tenders for sourcing 30 static VAR compensators (SVCs) that regulate grid voltage, 1,700 phasor measurement units (PMUs) used to monitor variation in power flow and other applications to secure grid.

The company has a current order book of Rs 6,000 crore for supplies to be made in India. The company is part of Alstom Grid, a global player in electrical grids. The 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.

GE Vernova T&D India Share Price

4139.70 67.15 (1.65%)
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