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GE T&D India Limited
Sector:Engineering Engineering - Electrical Equipment
Market Lot: 1Face Value: 2ISIN Demat: INE200A01026
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Business Profile
Areva (AREVA), the Indian subsidiary of Alstom SA of France, supplies a range of solutions for transmission and distribution of energy. The company was incorporated as a private limited company on May 13, 1957. It got its name in 2005 on taking over Alstom T&D. The non-executive chairman of the company is S.K. Poddar and Rathin Basu, the managing director.

The company offers products and systems like energy automation and information, electrical distribution systems, high voltage switchgear, medium voltage switchgear, and transformers. Its services include taking care of equipment like transformers, protection and control equipment, information control systems (SCADA), medium and high voltage switchgear, substations and networks through T&D network consulting, equipment expertise, erection, commissioning, supervision, maintenance, application, software maintenance, ..etc. It undertakes project management for turnkey systems, substations, power supplies, transmission lines, ..etc.

The company formed a 50:50 joint venture (JV) with United Company Rusual (Russia) to supply turnkey projects, electrical equipment and services in T&D. The company secured Rs 1.15 billion order from Madhya Pradesh Power Transmission Company to start in 2008 and completed in 2009. It is to start a new instrument transformer factory in Hosur, Tamil Nadu. The company bagged its first turnkey AIS substation contract from ESSAR Steel at a value of Rs 630 million. Maharashtra State Electricity Transmission Co. has also placed its first gas insulated switchgear (GIS) complete turnkey solutions order on the company valued at Rs 339 million. Through group activity, Areva has presence in more than 30 countries with a dedicated sales force serving customers in over 100 countries.

The registered office is at D-2, Gillander House 8, Netaji Subhas Road, Kolkata-700001 and 457, Anna Salai, Teynampet, Chennai-600018.

The company disclosed fall of 2,044.93% in standalone net profit on y-o-y basis to Rs 1,974.10 million, while total income rose 9.38% y-o-y basis to Rs 8.56 billion for the quarter ended June 2016.

Recent Developments
Alstom T&D India, a GE Group Company, has been awarded two contracts worth over Rs 2.02 billion from Power Grid Corporation of India Limited for execution of projects in Modhya Pradesh. Both the projects will facilitate evacuation of power and add to availability of electricity in the central region.

Alstom T&D India announced a sharp rise in standalone net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 2.36 times to Rs 462.70 million from Rs 195.80 million in the same quarter last year.

Alstom will also deliver a GIS consisting of five 220 kV bays, nine 132 kV bays, substation automation and control system as well as associated civil works. The substation will be installed at Chandaka, less than 15 km from Bhubaneswar, Odisha's capital. This substation will feed the existing

Alstom has successfully manufactured and delivered India's first 800 kV High Voltage Direct Current (HVDC) power transformer for the prestigious Champa-Kurukshetra Ultra High Voltage Direct Current (UHVDC) Phase 1 link.

Alstom T&D India, a leading player in the power transmission business, has been awarded three new contracts worth approximately Euro 33 million (Rs 2.31 billion) by Powergrid Corporation of India to supply transformers and shunt reactors for 765/400kV substation situated at Agra in

Alstom T&D India has been awarded once more a contract by Essar Projects India Limited worth close to ???11 million (Rs 800 million approx.) to supply transformers package for Neyveli New Thermal Power Project (NNTPP) located in the state of Tamil Nadu in India.

Foreign institutional investors (FIIs) have raised shareholding in Alstom T&D India over the last three months. FIIs' shareholding increased by 26 basis points to 1.81 percent at the end of June 2015 quarter from 1.55 percent as on Mar 31, 2015.

Alstom T&D India, a leading player in the power transmission business, announced that a meeting of the board of directors of the company will be held on July 23, 2015, inter alia, to consider and take on record, the unaudited financial results for the first quarter ended on June 30, 2015 (Q1), subject to Limited Review by the Auditors.

Future Plans
The company plans to invest around Euro 50 million in the country`s transmission and distribution sector over the period 2007-2010.

In Brief

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