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GE Power India Ltd.

BSE: 532309 Sector: Engineering
NSE: GEPIL ISIN Code: INE878A01011
BSE LIVE 19:40 | 19 Oct 648.35 -4.90
(-0.75%)
OPEN

646.60

HIGH

654.00

LOW

644.60

NSE 19:31 | 19 Oct 650.40 -3.35
(-0.51%)
OPEN

658.50

HIGH

658.50

LOW

646.00

OPEN 646.60
PREVIOUS CLOSE 653.25
VOLUME 609
52-Week high 746.50
52-Week low 440.50
P/E 45.66
Mkt Cap.(Rs cr) 4,359
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 646.60
CLOSE 653.25
VOLUME 609
52-Week high 746.50
52-Week low 440.50
P/E 45.66
Mkt Cap.(Rs cr) 4,359
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

GE Power India Ltd. (GEPIL) - Company History

Alstom Projects India Limited (APIL) is a majority owned subsidiary company of Alstom SA France - the global leader in power generation and rail infrastructure and a multinational company that nurtures a long-term commitment to India. APIL was incorporated in September 2nd of the year 1992, it offers a composite range of services related to power generation for utilities and industrial users, transportation systems covering traction, signalling and train control for the railways and energy management for a variety of industries including hydro, gas and coal. NTPC - ALSTOM Power Services Limited (NASL) is a 50:50 Joint Venture of Alstom and State owned National Power Thermal Corporation, established in 1999 to undertake renovation, modernization, retrofit and refurbishment of old and ageing power plants. The Joint Venture has proved its credentials by successfully commissioning a 110 MW plant in Torrent AEC, after retrofit and upgrade and are presently executing R&M in Bathinda and Tanda. The company was changed its name from ABB Alstom Power India Ltd to Alstom Power India Ltd in the year of 2000. In the year 2002, the company has changed its name to the present one Alstom Projects India Limited. During the year 2003, the company has bagged orders worth Rs.98crs for the supply of steam turbines to Indian Aluminium for its Hirakud unit and the Lanco group, also in the same year APIL awarded a 430 M*NR contract by JSW Power Private Ltd group company of Jindal group for delivery of 100 MW Corex/Blast furnace gas fired boiler plant. Alstom's BODs approved the sale of industrial turbine business of the company in 2003. APIL had wins Rs. 5,000 million contract to build a power plant in Andhra Pradesh during the period of 2004, also in the same year, the company awarded a contract for modernisation of 2 X 68 MW boilers by Renusagar Power Division of Hindalco Industries Ltd worth of 700 million and received an order valued at around Rs 10000 million (about 180 million Euros) to build a 469 MW combined cycle power plant for Gautami Power Ltd at Peddapuram, East Godavari District in the state of Andhra Pradesh. The partnership deal was made with BHEL during the year 2005, broadens the scope of cooperation between the two companies on coal-fired boilers. A major objective of this partnership comprises win the business in India's supercritical programme, aimed at helping India to efficiently fulfill its power generation requirements. Also this partnership entails a technical assistance agreement (license) for product design, as well as an agreement defining the industrial scope of each of the partners for future boiler contracts. The Company also teamed up with Infosys in the same year of 2005, a global consulting and IT services firm, to set up an R&D centre at the Infosys campus in Bangalore. The R&D centre, which was created on the strength of a multi-year relationship between ALSTOM and Infosys, represents an investment in excess of Euro 30 million. In 2006, Alstom bagged orders worth Rs 2.08 billion for supply of boiler turbine package on a turnkey basis to Bokaro Power Supply Company and an export order worth USD 28.6 million for supply of heat recovery steam generators and equipment to SOHAR, Sultanate of Oman. Alstom has won a contract worth approximately Rs 1000 crores in June of the year 2007 with Gujarat State Electricity Corporation Ltd (GSECL) for the construction of the first Alstom GT26-based combined cycle power plant in India. Enhanced the capacity of power service in the same period of 2007 by the state-of-the-art new pedestals for high speed (up to 14000 RPM) to meet the stringent technical requirement of short peening for nuclear turbines. Alstom to strengthen its Transport business in India & focus on booming transport market. In June of the year 2007, the Alstom Transport led consortium, has bagged the contract worth INR 255 crores from the Delhi Metro Rail Corporation (DMRC). The contract involves Design, Manufacture, Supply, Installation and Commissioning of Train Control & Signaling System for DMRC's Metro Line 1 and 2 extensions. All the fully paid up equity shares of ALSTOM Manufacturing India Ltd (AMIL) held by APIL have been transferred at par to AIL at the Board Meeting of AMIL held on June 04th of the year 2008. APIL is in the process of strengthening its operations in the power generation sector as opportunities for growth in the thermal, nuclear and hydro areas have brightened with the advent of the 2nd generation of reforms. Alstom plans to utilize the competence and industrial capabilities in India for its global operations. The key movements in this include the transport business in the booming transport market.