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GE T&D India Ltd.

BSE: 522275 Sector: Engineering
NSE: GET&D ISIN Code: INE200A01026
BSE 12:35 | 14 Oct 172.05 3.40
(2.02%)
OPEN

167.45

HIGH

172.05

LOW

167.30

NSE 12:24 | 14 Oct 169.50 0.30
(0.18%)
OPEN

169.00

HIGH

170.10

LOW

167.30

OPEN 167.45
PREVIOUS CLOSE 168.65
VOLUME 366
52-Week high 331.35
52-Week low 124.00
P/E 32.90
Mkt Cap.(Rs cr) 4,405
Buy Price 170.60
Buy Qty 25.00
Sell Price 172.05
Sell Qty 30.00
OPEN 167.45
CLOSE 168.65
VOLUME 366
52-Week high 331.35
52-Week low 124.00
P/E 32.90
Mkt Cap.(Rs cr) 4,405
Buy Price 170.60
Buy Qty 25.00
Sell Price 172.05
Sell Qty 30.00

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 business. GE T&D India has a predominant presence in all stages of the power supply chain and offers a wide range of products that include Power Transformers Circuit Breakers Gas Insulated Switchgears Instrument Transformers and Substation Automation Equipment. GE T&D also offers Digital Software Solutions Turnkey Solutions for Substation Engineering & Construction Flexible AC Transmission Systems High Voltage DC & Services suite of offerings. The company has a total of 6 manufacturing sites. 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 4*500 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 ALSTOM 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 unit was 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.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 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.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.