Alstom T&D India rose 2.02% to Rs 186.85 at 11:19 IST on BSE after the company said it has secured an order worth approximately Rs 79 crore from Power Grid Corporation of India.
The new order was announced after market hours on Monday, 2 December 2013.
Meanwhile, the S&P BSE Sensex was up 25.36 points or 0.12% at 20,923.37.
On BSE, 17,000 shares were traded in the counter as against average daily volume of 15,000 shares in the past two weeks.
The stock hit a high of Rs 193.45 and a low of Rs 186.20 so far during the day.
Alstom T&D India said it has won an order worth approximately Rs 79 crore from Power Grid Corporation of India (PGCIL) to provide 14 shunt reactors for the 765 kilovolt (kV) electrical substations at Kanpur and Jhatikara in Uttar Pradesh. The projects are due for delivery in 2015.
All 765 kV equipment for these projects will be manufactured in Alstom's transformer and reactor manufacturing facility at Vadodara in India, the company said.
Commenting on the order, Mr. Rathin Basu, Managing Director, Aistom T&D India said, "This contract further reinforces the confidence that Powergrid has in Alstom's capability to deliver 765 kV products and solutions from its state of the art manufacturing facilities".
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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