Alstom T&D India rose 0.73% to Rs 339 at 13:07 IST on BSE after the company said it won a Rs 27.70 crore contract from Himachal Pradesh Power Transmission Corporation.
The announcement was made during trading hours today, 3 July 2014.
Meanwhile, the BSE Sensex was up 8.50 points, or 0.03%, to 25,849.71.
On BSE, so far 136 shares were traded in the counter, compared with an average volume of 48,424 shares in the past one quarter.
The stock hit a high of Rs 340 and a low of Rs 336.60 so far during the day. The stock hit a 52-week high of Rs 353 on 1 July 2014. The stock hit a 52-week low of Rs 110 on 6 August 2013.
The stock had outperformed the market over the past one month till 2 July 2014, rising 9.79% compared with 4.68% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 34.97% as against Sensex's 14.59% rise.
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The mid-cap company has an equity capital of Rs 51.21 crore. Face value per share is Rs 2.
Alstom T&D India has been awarded a contract worth approximately Rs 27.70 crore by Himachal Pradesh Power Transmission Corporation (HPPTCL) to supply a 66 kV gas, insulated substation (615) in Urni, Himachal Pradesh, in northern India. The project aims to transmit power from new generation sources into the Kinnaur district of Himachal Pradesh, paving the way towards harnessing 23000 MW of hydro power potential in the state.
The project scope includes design, engineering, manufacture, supply, testing, and commissioning of the 66 kV GIS, substation automation and control system. All equipment will be produced by Alstom's state-of-the-art manufacturing facilities across India.
Himachal Pradesh, a mountainous state with five major rivers flowing through from the western Himalayas, is abundant in water resources. To harness the hydropower potential requires a reliable means to transmit the power to the end-consumer, without destabilising the network from power overload. Alstom's new BIS in Urni will draw in the power from new generation sources, including Hydropower, before transmitting into the grid.
GIS is the preferred technology for hydropower plants, difficult terrains such as mountains, coastal areas and cities. Its compact and enclosed design makes it ideal for smaller footprint and low maintenance applications. It is well-adapted for areas where space is scarce, such as cities and regions where cost of land is high.
Alstom T&D India's net profit rose 17.3% to Rs 62.24 crore on 19.3% growth in total income to Rs 1313.09 crore in Q4 March 2014 over Q4 March 2013.
Alstom T&D India is a market leader In the Indian power transmission sector.
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