Alstom T&D India bags contracts worth Rs 298 cr in HP - Moneycontrol.com

Alstom T&D India today said it has received two orders worth Rs 298.3 crore for supplying  equipment for power stations in Himachal Pradesh.

"Alstom T&D India has been awarded two contracts with a total value of Rs 298.3 crore to supply two gas-insulated substations (GIS) at Wangtoo and Gumma in Himachal Pradesh," an official statement said.

The projects respectively received from  Larsen and Toubro (L&T) and HP Power Transmission Corporation Limited (HPPTCL), aim to improve the transmission capacity of HPPTCL for the transport of electricity generated by hydropower sources across the state, the statement.

The scope of the Wangtoo project, worth approximately Rs 155 crore, covers the design, engineering, manufacture, supply, testing, and commissioning of gas-insulated switchgear, power transformers, instrument transformers and substation automation system.

The Gumma project worth Rs 143.3 crore includes design, engineering, manufacture, supply, erection, testing, commissioning and covers civil works of GIS substation on a turnkey basis.

All key equipment for both the projects will be produced by Alstom's manufacturing facilities across India, the statement said. "With these dual contract wins for HPPTCL, Alstom is pleased to earn the confidence of its customer for the provision of advanced GIS solutions at the Wangtoo and Gumma substations," Rathin Basu, Managing Director, Alstom T&D India, said in the statement.

Shares of Alstom T&D India were trading at Rs 190.70, up 3.42 per cent on the BSE. 

Alstom T&D stock price

On December 20, 2013, Alstom T&D India closed at Rs 189.55, up Rs 5.15, or 2.79 percent. The 52-week high of the share was Rs 208.00 and the 52-week low was Rs 110.00.

The company's trailing 12-month (TTM) EPS was at Rs 3.86 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 49.11. The latest book value of the company is Rs 35.68 per share. At current value, the price-to-book value of the company is 5.31.

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