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GE T&D India Ltd.

BSE: 522275 Sector: Engineering
NSE: GET&D ISIN Code: INE200A01026
BSE 00:00 | 01 Dec 102.35 3.20
(3.23%)
OPEN

100.00

HIGH

102.50

LOW

100.00

NSE 00:00 | 01 Dec 101.85 2.60
(2.62%)
OPEN

100.00

HIGH

103.00

LOW

98.85

OPEN 100.00
PREVIOUS CLOSE 99.15
VOLUME 10006
52-Week high 179.45
52-Week low 58.00
P/E
Mkt Cap.(Rs cr) 2,621
Buy Price 100.05
Buy Qty 100.00
Sell Price 102.90
Sell Qty 50.00
OPEN 100.00
CLOSE 99.15
VOLUME 10006
52-Week high 179.45
52-Week low 58.00
P/E
Mkt Cap.(Rs cr) 2,621
Buy Price 100.05
Buy Qty 100.00
Sell Price 102.90
Sell Qty 50.00

GE T&D India Ltd. (GET&D) - Company History

GE T&D India Limited (formerly ALSTOM T&D India Limited) is a leading player in the power transmission & distribution infrastructure business. The company has a total of 6 manufacturing sites. It has a portfolio of products solutions and services comprising the entire range of transmission equipment up to Extra and Ultra High Voltages (765 kV and beyond) including air-insulated switchgear (AIS) and locally manufactured power transformers and gas-insulated switchgear (GIS). It also provides power electronics solutions to create super highways and offers advanced power management Smart Grid solutions for transmission and distribution including renewable energies integration.The company was incorporated in 13th March of the year 1957 as The English Electric Company of India (EEI). The Company started manufacturing solid-state generators and transformers vacuum switches and electric motors in collaboration with GEC International Controls UK and Electroimplex Bulgaria during the year 1982-83. In 1984 the collaboration agreements were signed with GEC Power Transformers UK and Raydne UK to manufacture the medical electronic equipment. Another collaboration agreement also signed with GEC Machines UK to manufacture hydroelectric generators during the same period. During April of the year 1993 the company name was changed from The English Electric Company of India (EEI) to GEC Alsthom India. Areva T&D came out with a rights issue during July of the year 1994 to fund the normal capital expenditure and bump up the long-term sources of operational possessions. In July 24th of the year 1998 again the company name was changed to ALSTOM Limited. During the year 1999-2000 two collaboration agreements were entered with Alsthom T&D SA France for the manufacture of 72.5 KV SF6 Circuit Breakers and 420 KV SF6 Circuit Breakers both operated by spring mechanism. The company made a joint venture with KoCoS Messtechnik of Germany to spun off the energy division. The Company had commissioned the 315 MVA 400 kV Transformer successfully in August of the year 2001. During the year 2002-03 the company had successfully tested the new generation 145 kV circuit Breaker-Types GL312 as per IEC standards and also commissioned the 420 kV Circuit Breaker for the 4500 MW Super thermal Power Plant at NTPC Talcher. Areva T&D signed a 50million Euro contract with Jayaprakash Power Ventures Ltd India during the year 2003 for the supply of major hydro-generating plant equipment for 400MW and in the same year the company bagged the contract from Hindalco Industries worth of Rs.87cr also the company received the order worth Rs 500 Cr from GVK Industries. During April of the year 2005 Holdings SA and AREVA T&D SA (Jointly with Areva T&D Holdings SA) has reached an understanding for acquisition of upto 26464400 equity shares (66.35%) held by ALSTOM Holdings in the company for a consideration of Rs.806 Million. Name of the company has been changed from ALSTOM Limited to Areva T&D India Limited effective from 23rd September 2005. During August of the year 2006 the company launched the MiCOM T390 Universal Power Line Carrier (PLC) a comprehensive solution for communication requirements over HV lines. The 33kV Circuit Breakers of the company were successfully type tested in Italy and these are being quoted in the market. Maiden order for Rukmani Power Limited was successfully executed in August of the year 2006. Unit has also commenced export of sub-assemblies and components of HVX Breakers to AGS Germany. The merger of all T&D entities of AREVA in India has been successfully completed in the year 2006. In 2007 the company bagged 126 M Order from KAHRAMA Water & Electricity QATAR to supply six Turnkey 66 kV GIS Substations and also 26 M$ Order from Kenya Power & Light for turnkey substations for the distribution network. During the same year 2007 as at 20th January Areva T&D commissioned the 765 kV Turnkey Substation for NTPC Sipat. The largest Generating Transformer 370 MVA/220 kV delivered to Reliance Energy and also state-of-the-art City Distribution SCADA Systems commissioned in the same year of 2007(9 out of 10 Circles done by AREVA T&D India) for MSETCL- a model for other SEBs to emulate with APDRP 2 funds. In 2007 AREVA T&D India has won the 'Technology (Process) Adaptation Upgradation Efficiency and Innovation Award in Transmission and Distribution' for designing installing and commissioning India's first 765 kV EHV circuit breaker. And also in the same period the company has reached a new milestone with the global product launch of new Air Core Reactors with Multi-Wire Cable Design (MCD). Air Core Reactors provide a linear response of impedance versus current. As at January 2008 the company launched the HYpact & ITR products focus on Packaged Substations. The Company received Best stall Award in 400-sqm+ categories in ELECRAMA 2008. During June of the year 2008 the company inaugurated the new production hall of its Power Transformer Plant located in Monchengladbach (Dusseldorf region Germany). Also in July 2008 Areva T&D entered into a strategic partnership agreement with NovaTech to distribute the measurement instruments under the MiCOM brand names.The name of the company was changed to ALSTOM T&D India Limited from AREVA T&D India Limited effective 31 January 2012 to reflect its name with that of the promoter group. During the financial year 2013-14 ALSTOM T&D India inaugurated India's first Digital Substation Automation Competence Centre at Pallavaram Chennai. The opening of the Competence Centre will allow further advancement of High Extra High and Ultra High Voltage as well as Renewable Power concept thus enabling the company to maintain its leadership position in the transmission market. In terms of localisation of large transformers of Extra High Voltage 765 kV the company achieved a landmark with the flag-off of 100th 765 kV transformer for Power Grid in October 2013 from its Vadodara unit. During the financial year 2014-15 a historical milestone was achieved with the flagoff of the first 'Madeinindia' 800 kV HVDC convertor transformer from the company's world-class power transformer manufacturing facility at Vadodara in the state of first Gujarat. During the year the company achieved another milestone by delivering 100th unit of 765kV Shunt Reactor for PowerGrid Varanasi site. The 100 MVAR reactor units were the result of indigenous technology and technical expertise of Vadodara facility.On 2nd November 2015 GE acquired ALSTOM's shareholding in ALSTOM T&D India Limited (ATDIL) as a part of its global acquisition of Energy business activities of ALSTOM.During the year 2015 the Company secured a contract of Rs. 670 million to expand and upgrade the energy management system of India's various control centers in North East India: North Eastern Regional Load Despatch Centre (NERLDC) and seven other Regional Load Despatch Centers (RLDCs).During the year 2015 the Company demonstrated its expertise in execution of turnkey projects by commissioning 51 AIS and GIS substations. The rst 765 kV substation of Rajasthan at Anta was commissioned by Company during the year. Apart from this turnkey projects were also executed and commissioned for Company's major customers like PGCIL MSETCL WBSETCL GETCO CSPTCL and APTRANSCO.On 15 June 2016 ALSTOM T&D India announced that it has been awarded two contracts worth over Rs 202 crore from Power Grid Corporation of India Limited for execution of projects in Madhya Pradesh. Both the projects will facilitate evacuation of power and add to availability of electricity in the central region.The Company secured three new contracts worth Rs 2317 million (US$ 35 million) from PowerGrid to supply transformers and shunt reactors for 765/400kV substation situated at Agra in Uttar Pradesh and spare units of 765kV transformers and reactors as part of eastern and southern region strengthening schemes. The products for all these contracts will be delivered from Company's world-class factory at Vadodara in India. The name of the company was changed from ALSTOM T&D India Limited to GE T&D India Limited with effect from 2 August 2016.During the financial year 2016-17 GE T&D India achieved a new milestone by delivering 200th unit of 765kV Shunt Reactor from its world class manufacturing facility at Vadodara. In another important milestone the company successfully commissioned Pole 1 of Phase 1 of Champa 800 kV Ultra High Voltage Direct Current (UHVDC) project transmitting 1500 MW of power from Champa Chhattisgarh to Kurukshetra Haryana in March 2017.During the financial year 2016-17 the Company was awarded two contracts by Doosan Power Systems for developing 765kV/400kV Gas insulated substations for 2*660 MW Thermal Power Plants at Jawaharpur and Obra in the state of Uttar Pradesh. These substations will be located at Sonebhadra and Etah and shall contribute significantly towards bringing electricity to state of Uttar Pradesh which is today facing acute power shortage. The products shall be supplied from our local manufacturing facilities at Hosur Padappai and Vadodara.During the year 2016-17 the Company demonstrated its expertise in execution of turnkey projects by commissioning 40 numbers of AiS and GiS substations. The first 765kV substation of Maharashtra MSETCL at Aurangabad was commissioned by Company during the year. Apart from this large number of turnkey projects were also executed and commissioned for Company's major customers: Power Grid MSETCL WBSETCL GETCO APTRANSCO and Megha infrastructure.In FY 2016-17 the Company's transformer factory in Vadodara commissioned 29 units of 765kV iCT/GTs along with 28 units of 765 kV Shunt Reactors. The transformer factory at Naini delivered and commissioned more than 40 units of Transformers & Reactors to more than 20 customers.On 3 November 2017 GE T&D INDIA announced that it has sold its global financial shares services business (hereinafter referred to as GFSS) to M/s GE India Industrial Private Limited together with the assets and manpower comprised therein on a slump sale basis on an 'as is where is' basis for cash consideration of Rs 6.5 crore. GFSS was a non-core business activity for the company and the sale would help management to focus on its core business activities.During FY 2017 the Company executed renovation and modernization across several power generation projects like National Hydro Power Corporation SJVN And National Thermal Power Corporation.During the year 2017 the Company consolidated its expertise in State Grid networks across the country. Your Company was awarded 400kV/220kV/132kV turnkey gas insulated substation order by Uttar Pradesh Power Transmission Corporation Ltd. (UPPTCL) at Lucknow Hardoi Road.During the year 2017 the Company won several projects across the states of Gujarat Rajasthan Telangana Bihar and Orissa to provide end-to-end turnkey solutions and products for grid strengthening and expansion of inter-intra state grid networks.During the year 2017 the Company demonstrated its expertise in execution of turnkey projects by commissioning 60 numbers of AIS and GIS substations enabling addition more of than 13 GW power into the Grid. Main success stories were commissioning of Pole 2 (1500 MW) of HVDC at Champa and Kurukhetra 765kV bay extension projects for Power Grid at Wardha Vindhyachal Jaipur and Gwalior within 12 months completion of 400kV / 220kV Substation including 500 MVA transformer in 4 months and commissioning of transformer package for L&T Power at Bheramara in Bangladesh. Besides the Company executed and commissioned large number of turnkey projects for esteemed customers that include Power Grid Bihar State Power and Transmission Company Limited (BSPTCL) Rajasthan Transmission Co. Ltd (RVPN) Chattisgarh State Power & Transmission Co (CSPTCL) Maharashtra State Electrical Transmission Co. Ltd (MSETCL) Megha Engineering and Infrastructure Ltd (MEIL) Sterlite Energy and others.In FY 2016-17 the Company has been selected by Power Grid to provide 420 kV series reactors for Ballabgarh and Mandala substations of project.During the year 2016-17 the Company achieved a new milestone by delivering 200th unit of 765kV Shunt Reactor from its world class manufacturing facility at Vadodara.The Company successfully commissioned Pole 1 of Phase 1 of Champa 800 kV Ultra High Voltage Direct Current (UHVDC) project transmitting 1500 MW of power from Champa Chhattisgarh to Kurukshetra Haryana in March 2017.During the year 2016-17 the Company demonstrated its expertise in execution of turnkey projects by commissioning 40 numbers of AIS and GIS substations. Main success stories were commissioning of 765 kV bay extension project for Power Grid at Phagi in record time of 6 months commissioning of 1st solar project of 1x70 MW at Bhadla for Tata Power in 6 months and commissioning of 110 kV GIS along with laying of 16 kms of 110 kV cable in Kollam city in record time. Apart from this large number of turnkey projects were also executed and commissioned for Company's major customers viz Power Grid Odisha Power Transmission Corporation Limited (OPTCL) West Bengal State Electricity Transmission Company Limited (WBSETCL) Gujarat Energy Transmission Corporation Limited (GETCO) Andhra Pradesh Transmission Company (APTRANSCO) and Megha infrastructure.During the year 2018 the Company was awarded orders for full turnkey basis of 2*40 MW solar in the state of Orissa by Pan India Infra projects. Building on the references in solar execution the Company also won 4*40 MW Solar projects by Essel in the state of Uttar Pradesh and Orissa.In FY18 the Company won contract from HPCL Mittal Energy (HMEL) for development of 400/66kV GIS MRSS (Main receiving substation) at HMEL Bhatinda refinery. The project encompasses design engineering supply testing and commissioning of 12 * 400kV gas insulated switchgear bays three phase power transformers and O&M contract post commissioning.

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