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Alstom T&D India gains on entering into sale agreement for Bengaluru land for Rs 120 crore

GE Vernova T&D India Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 522275 | NSE: GVT&D

17 Dec 2013 Evaluate

Alstom T&D India is currently trading at Rs. 182.50, up by 4.20 points or 2.36% from its previous closing of Rs. 178.30 on the BSE.

The scrip opened at Rs. 183.00 and has touched a high and low of Rs. 183.90 and Rs. 180.70 respectively. So far 1,969 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. 183.90 and Rs. 172.50 respectively. The current market cap of the company is Rs. 4,351.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.62% and 8.38% respectively.

Alstom T&D India has entered into an ‘Agreement for Sale’, with a large Indian Business Group company, for sale of its Bengaluru land for a total sale consideration of approximately Rs 120 crore. The sale is subject to the mutual satisfaction of terms, conditions and obligations mentioned in the agreement for sale and it is likely to be concluded upon execution of a ‘Sale Deed’ in three months’ time or earlier.

The company’s land in Bengaluru was used for manufacturing instrument transformers and the sale of the land has been duly authorized by the shareholders of the company.

Alstom T&D India 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%)

17-Apr-2026 16:59 View Price Chart

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Alstom T&D India gains on entering into sale agreement for Bengaluru land for Rs 120 crore

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