Alstom T&D India gains after resuming operations of two facilities in Chennai post floods

Alstom T&D India gained 1.36% to Rs 487 at 13:40 IST on BSE after the company said regular operations of manufacturing facilities at Pallavaram and Padappai in Chennai started from 7 December 2015 onwards, post floods in Chennai.

The company made the announcement during market hours today, 15 December 2015.

Meanwhile, the S&P BSE Sensex was up 17.97 points or 0.2% at 25,201.22.

On BSE, so far 838 shares were traded in the counter as against average daily volume of 7,506 shares in the past one quarter.

The stock hit a high of Rs 490 and a low of Rs 483.05 so far during the day. The stock had hit a record high of Rs 656.40 on 4 March 2015. The stock had hit a 52-week low of Rs 401.20 on 17 December 2014.

The stock had outperformed the market over the past one month till 14 December 2015, declining 0.25% compared with 1.8% fall in the Sensex. The scrip had, however, underperformed the market in past one quarter, falling 8.66% as against Sensex's 2.73% decline.

The large-cap company has equity capital of Rs 51.21 crore. Face value per share is Rs 2.

Alstom T&D India said that there has not been any material loss/damage to the property and assets of the company due to recent floods in Chennai, although it said that some deliveries would get delayed. The company's priority was to ensure safety and protection of all the company's employees and the assets. Due to recent heavy rains/floods in Chennai, the manufacturing facilities of the company at Pallavaram and Padappai were closed for four days.

Alstom T&D India's net profit rose 30.3% to Rs 46.27 crore on 0.5% decline in net sales to Rs 903.08 crore in Q2 September 2015 over Q2 September 2014.

Alstom T&D India is a leading player in the power transmission business. It has a predominant presence in all stages of the power supply chain.

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