The turnkey project covers the design, manufacturing, supply, erection, testing and commissioning of air-insulated equipment, etc along with civil works. The equipment for the project will be manufactured at Alstom T&D India's manufacturing facilities across India
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Alstom T&D India has bagged a Euro 20.1 million contract from state-run Power Grid Corporation for supplying equipment at various centres in North India.
"Alstom T&D India has secured a Euro 20.1 million (Rs 161 crore) contract from Power Grid for upgrading transmission substations at 14 sites across five Indian states, and reactors at Bhiwani (Haryana)," the company said in a statement.
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The expansion will reduce transmission line overloading and improve grid stability in North India, the statement said. "This prestigious and challenging project reaffirms our leadership position in the turnkey substation market. Substations to be upgraded include one at Bhiwani and also substations at Hissar, Allahabad, Kanpur, Singrauli, Kota, Koteshwar, Rajpura, Panchkula, Patiala, Dhuri, Makhu, Mukstar and Nakodar in the northern region of the country," Rathin Basu, Managing Director of Alstom T&D India, said.
The turnkey project covers the design, manufacturing, supply, erection, testing and commissioning of air-insulated equipment, etc along with civil works. The equipment for the project will be manufactured at Alstom T&D India's manufacturing facilities across India, the statement said.
The Bhiwani switchyard is centrally connected and feeds power to Punjab, Himachal Pradesh and Uttar Pradesh. This strengthens the Haryana state transmission system and ensures a secure, reliable supply of power across North India, the statement said.
Alstom T&D stock price
On March 19, 2014, at 15:53 hrs Alstom T&D India was quoting at Rs 220.00, up Rs 6.85, or 3.21 percent. The 52-week high of the share was Rs 223.90 and the 52-week low was Rs 110.00.
The company's trailing 12-month (TTM) EPS was at Rs 4.21 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 52.26. 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 6.17.
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