Power transmission equipment maker Alstom T&D reported Rs 20 crore profit for second quarter FY14 as against Rs 1.8 crore loss in same period last year. Sales grew 18% to Rs 802 crore.
“While the market conditions continue to be challenging, we achieved a good order inflow resulting in stronger backlog. During Q2 we improved our execution and sales rebounded. Alstom continues its efforts to optimize its costs structure and resource base.” Rathin Basu, Managing Director, Alstom T&D India said in a statement.
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