New orders boost Alstom T&D India

Alstom T&D India rose 3.42% to Rs 190.70 at 12:53 IST on BSE after the company said it has secured two orders worth Rs 298.30 crore in Himachal Pradesh.

The new orders were announced during trading hours today, 20 December 2013.

Meanwhile, the S&P BSE Sensex was up 226.22 points or 1.09% at 20,934.84.

On BSE, so far 26,000 shares were traded in the counter as against average daily volume of 15,427 shares in the past one quarter.

The stock hit a high of Rs 192.90 and a low of Rs 181.45 so far during the day. The stock had hit a 52-week high of Rs 208 on 4 February 2013. The stock had hit a 52-week low of Rs 110 on 6 August 2013.

The stock had outperformed the market over the past one month till 19 December 2013, advancing 14.18% compared with the Sensex's 0.87% fall. The scrip had also outperformed the market in past one quarter, surging 19.16% as against Sensex's 0.3% rise.

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

Alstom T&D India said it has been awarded two contracts worth Rs 298.30 crore to supply two 400/220/66 kV gas-insulated substations (GIS) at Wangtoo and Gumma in Himachal Pradesh. The projects respectively received from L&T and HP Power Transmission Corporation (FIPPTCL)1, respectively, aim to improve the transmission capacity of HPPTCL for the transport of electricity generated by hydropower sources across the state, Alstom T&D India said.

The scope of the VVangtoo project, worth about Rs 155 crore, covers the design, engineering, manufacture, supply, testing, and commissioning of 400 kV, 220 kV and 66 kV gas-insulated switchgear, power transformers, instrument transformers and substation automation system, the company said.

The Gumma project, worth Rs 143.30 crore, includes design, engineering, manufacture, supply, erection, testing, commissioning and covers civil works of 400 kV and 220 kV GIS substation on a turnkey basis. All key equipment for both the projects will be produced by Alstom's state-of-the-art manufacturing facilities across India, the company said.

Commenting on the orders, Rathin Basu, Managing Director, Alstom T&D India says, "With these dual contract wins for HPPTCL, Alstom is pleased to earn the confidence of its customer for the provision of advanced G15 solutions at the Wangtoo and Gumma substations. Alstom is the leader in India's 615 activity and has so far supplied over 500 615 bays in India, covering a range of voltages from 66k1/ to 400A-V. Over 50% of the supplied solutions are produced in India".

Alstom T&D India reported a net profit of Rs 20.81 crore in Q2 September 2013 as against a net loss of Rs 1.81 crore in Q2 September 2012. Net sales rose 18.3% to Rs 802.25 crore in Q2 September 2013 over Q2 September 2012.

Alstom T&D India is a market leader in the Indian power transmission sector.

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