Alstom T&D net profit more than doubles to Rs 19 cr in Dec qtr

Alstom T&D, the Indian power transmission and distribution arm of France-based Alstom, today reported that its net profit more than doubled to Rs 19 crore in the quarter ended December 31.
The company had reported a net profit of Rs 9 crore in the same period last fiscal (2012-13), Alstom T&D said in a regulatory filing to the stock exchanges.
The company's total income from operations rose to Rs 848.32 crore as against Rs 712.94 crore during the corresponding quarter of the last fiscal (2012-13).
Alstom T&D said it is looking at new business opportunities of close to Rs 15,000 crore in the power transmission space in India in the next 3-4 years.

The company is hopeful that a series of projects requiring several SVCs, PMUs (grip components) in different parts of India will bring in business to the company.
Static Var Compensators (SVCs), 1700 Phasor Measurement Unit (PMUs) are used in electricity transmission grids.

Grid security technology is another great opportunity coming up in the next 3-4 years the company will consider.
The company had earlier said that its share in the transmission equipment and EPC market has risen to 19 per cent from 13.5 per cent in 2007. Its turnover 2012-13 stood at Rs 3,150 crore.
Alstom T&D is investing Rs 100 crore this year for expansion of its Vadodara (Gujarat) facility.

Shares of the company closed at Rs 184.95, up 1.15 per cent on the BSE.