On 14th May, 2012, Alstom T&D India Ltd (formerly AREVA T&D India Ltd) announced its financial results for the year ended March 2012. The company has changed its financial year, and accordingly, the period covers 15 months from January 1st, 2011 to March 31st, 2012.
For the quarter ended March 31st, 2012
- Sales revenue increased by 49% over the preceding quarter
- Strong growth in orders, up by 101% over the preceding quarter, leading to a backlog of Rs. 4,682 Crores, up by 22%, against December 2010
- Operating Profit increased to 8%, from 5.6% in the preceding quarter
For 15 months ended March 31st, 2012
- Backlog of Rs 4,682 Crores is almost at the same level as in December 2010, despite scope reduction through demerger
- Operating Income at 7% representing a decrease of 1.6% due to market conditions
- Highest number of orders for 765 kV Extra High Voltage Substation projects in India
The Board of Directors of Alstom T&D India Ltd. met on May 14th 2012, in Delhi, to approve the annual results of the company. The company delivered a strong performance in order intake, sales and profit by leveraging higher volume, cost optimization and good customer relations across all business verticals. Thanks to strong team work and leadership, the company was able to counter the challenging market conditions in the Power, T&D and the Industry segments. A dividend of Rs 1.80 (90%) per share has been declared for the period.
Rathin Basu, Managing Director of Alstom T&D India, said: “This was a challenging year for Alstom T&D India. Despite difficult market conditions and simultaneous transition to the new organization, following a year-long demerger process, we retained our market leadership position for the 4th year in a row. Thanks to the trust and confidence of our customers, 28 of the 40 substations of 765 kV ordered will have Alstom products and solutions. We also delivered India’s first UHV 1200 kV product for Power Grid’s Bina test station and commissioned the 3rd National Load Dispatch Centre at Bhutan, after India and Bangladesh.”
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 92,000 people in around 100 countries. It had sales of €20 billion and booked close to €22 billion in orders in 2011/12.
Alstom T&D India (globally known as Alstom Grid), is a market leader in the Indian power transmission sector. It has over 100 years of expertise in building the transmission infrastructure for the country. Alstom has a strong 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 (HVDC, FACTS) to create super highways and offers highly advanced power management Smart Grid solutions for transmission and distribution including renewable energies integration. With over 3,500 employees and eight world class manufacturing units, Alstom T&D India is future ready to support the rapidly evolving transmission sector in India
Pooja Thakran (Alstom T&D India) : email@example.com / +91- 8800 99 48 73
Website www.alstom.com - www.alstom.com/grid