Alstom T&D India Limited announces Q2, 2014-15 results
Alstom T&D India Limited today announced its financial results, for the second quarter and half-year ended September 2014, following approval by the Companys Board of Directors.
For Q2, 2014-15
Order Intake : 22,377 MINR (Y-o-Y + 137%)
Sales : 9,076 MINR (Y-o-Y + 13%)
Profit after Tax : 355 MINR (Y-o-Y + 71%)
For Half Year 2014-15
Order Intake : 29,896 MINR (Y-o-Y + 82%)
Sales : 15,788 MINR (Y-o-Y + 16%)
Profit after Tax : 640 MINR (Y-o-Y + 78%)
Order Backlog : 79,000 MINR (Y-o-Y +22%)
During the second quarter, Alstom announced the signing of Phase II of the ChampaKurukshetra 800 kV High Voltage Direct Current (HVDC) project with Power Grid. Alstom T&D Indias share in the contract was approximately Rs. 14300 million.
Apart from this significant win, Alstom T&D India had some other major successes including orders from Power Grid for 400 kV AIS substations and orders from State Utilities such as MSETCL for 400 kV AIS and GIS substations.
During the quarter, Alstom T&D India successfully commissioned 765 kV AIS bays for Bhopal-Dhule substation for Sterlite Industries and also commissioned 400 kV reactors at Itarsi, Gwalior, Phadge, Raigarh, Bhattapara Raipur and Sujalpur sites of Power Grid. Recently, it also commissioned a 220kV line bay in Rajasthan for Cairn India.
Commenting on the results, Rathin Basu, Managing Director, Alstom T&D India said: With continued focus on project execution, the Company has delivered good operational performance which translated into improved sales and profits despite challenging market conditions. The quarter was also marked by a record high backlog. With the prestigious win of Phase 2 of the Champa-Kurukshetra HVDC project , Alstom has confirmed once again, its leadership position in the 800 kV HVDC market in India.
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 93,000 people in around 100 countries. It had sales of over 20 billion and booked close to 21.5 billion in orders in 2013/14.
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.