Alstom T&D India Limited announces Q2, 2012-13 results

Alstom T&D India Limited recently announced its financial results, for the second quarter and half year ended September 2012, following approval by the Companys Board of Directors. 

For the quarter ended September 30, 2012, Alstom T&D India achieved a strong growth in orders, up by 61% over the preceding quarter, leading to a backlog of Rs. 6,100 Crores, up by 34%, against September 2011. Operating Profit was lower at 1.4%, compared to 7% in the preceding quarter, due to low market prices and provisioning of Rs. 30 Crores for some of the customers, due to their perceived weak financial position. 

During the quarter, Alstom announced signing of the 800 kV HVDC Champa-Kurukshetra project along with group Company, with Power Grid. Alstom T&D Indias share in the contract was around Rs. 1,080 Crores. 

Operating income fell to 4.2% during 6 months period ended September 30, 2012. Sales growth was impacted, despite healthy backlog, with some customers unable to keep pace with their projects due to multiple issues related to difficulties in land procurement, fuel shortages and project clearances. 

The company also saw some major successes by commissioning Indias first Digital Solution for GETCOs 220 kV substation. The worlds first 1,200 kV double knee type Disconnector was inaugurated at Alstoms Padappai factory for installation at Power Grids national test station at Bina (Madhya Pradesh). Several 765 kV substations were also commissioned, reinforcing our leadership in the EHV market. 

Commenting on the results, Rathin Basu, Managing Director, Alstom T&D India said: Despite falling market prices and low capex investment, Alstom T&D India has improved its position in the high-end of the market in 800 kV HVDC, 765 kV AIS and 400 kV GIS technologies. We have good level of backlog to cope up with the market pressure and we are reinforcing our efforts to further optimise our operations.  

About Alstom 

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. 

Press contact 
Vandana Dhir: vandana.dhir@power.alstom.com / +91 8826177566 

Website www.alstom.com - www.alstom.com/grid