Alstom T&D India Limited announces Q2, 2013-14 results
Alstom T&D India Limited today announced its financial results, for the second quarter and half year ended September 2013, following approval by the Companys Board of Directors.
For Q2, 2013-14
Sales : 8,022 MINR ( Y-O-Y + 18%)
Profit After Tax : 208 MINR
For Half Year 2013-14
Sales : 13,618 MINR ( Y-O-Y + 0.9%)
Profit After Tax : 359 MINR ( Y-O-Y + 69% )
Order Backlog : 64,700 MINR ( Y-O-Y +6% )
During the quarter, Alstom T&D India won major contracts like 400/220/66 kV GIS Substation at Wangtoo for HPPTCL; 400 kV AIS Substation at Charanka and Sankhari for GETCO; 220 kV AIS Substation for BSPTCL; 220 kV GIS Substation at Melli, 765 kV Circuit Breaker package and 765kV reactor package at Kanpur and Jatikara for PowerGrid.
Alstom inaugurated its Digital Substation Automation Competence Centre at its existing facility in Pallavaram in Chennai. The Company also achieved a century landmark with the flag-off of the 100th 765 kV transformer for PowerGrid and Indias largest 765kV Power Transformer for JP Power from its Vadodara manufacturing unit.
Commenting on the results, Rathin Basu, Managing Director, Alstom T&D India said: While the market conditions continue to be challenging, we achieved a good order inflow resulting in stronger backlog. During Q2 we improved our execution and sales rebounded. Alstom continues its efforts to optimize its costs structure and resource base.
Alstom is one of the global leaders of power generation, power transmission and rail infrastructure . 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 93,000 people in around 100 countries. It had sales of over 20 billion and booked close to 24 billion in orders in 2012/13.
Alstom T&D India is one of the market leaders in the Indian power transmission sector. By virtue of being part of the ALSTOM Group, 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 state of the art manufacturing units, Alstom T&D India is future ready to support the rapidly evolving transmission sector in India.
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