Alstom T&D India rose 1.02% to Rs 570 at 15:25 IST on BSE after the company said it has received a contract from Essar Projects India to supply transformers for Neyveli Thermal Power Station.
The company made announcement market hours today, 29 July 2015.
Meanwhile, the S&P BSE Sensex was up 107.05 points or 0.41% at 27,571.76.
On BSE, so far 10,422 shares were traded in the counter as against average daily volume of 16,566 shares in the past one quarter.
The stock hit a high of Rs 583.95 and low of Rs 553.85 so far during the day. The stock had hit a record high of Rs 656.40 on 4 March 2015. The stock had hit a 52-week low of Rs 307.50 on 22 August 2014.
The stock had outperformed the market over the past one month till 28 July 2015, rising 3.18% compared with Sensex's 1.27% decline. The scrip had also outperformed the market in past one quarter, gaining 6.32% as against Sensex's 0.23% gain.
The large-cap company has equity capital of Rs 51.21 crore. Face value per share is Rs 2.
Alstom T&D India said it has been awarded once more a contract by Essar Projects India worth close to 11 million (Rs 80 crore approx.) to supply transformers package for Neyveli New Thermal Power Project (NNTPP) located in the state of Tamil Nadu in India.
The 1000 megawatts (MW) greenfield Neyveli New Thermal Power Project (NNTPP), being developed by Neyveli Lignite Corporation, will be the first lignite-fired 2X500 MW power plant in the country and major source of power to the energy deficient southern states.
Under the scope of the contract, Alstom will be engaged in designing, engineering, manufacturing, testing, installation and commissioning of a set of generator transformers, inter-connecting transformers, station transformers up to 200MVA, 80 MVAR reactor along with other associated equipment. All the equipment will be engineered and manufactured in Alstom's world class facilities in India.
Alstom T&D India's green field facility at Vadodara was inaugurated in March 2009. This facility has since ramped up production capabilities to supply transformers and shunt reactors to various clients like Power Grid, state utilities and private generating companies.
Alstom T&D India's net profit fell 31.2% to Rs 19.58 crore on 20.5% rise in total income to Rs 811.76 crore in Q1 June 2015 over Q1 June 2014.
Alstom T&D India is a leading player in the Power Transmission business with a product portfolio ranging from Medium Voltage to Extra High Voltage (765 kV) for the Utility, Industry and Infrastructure markets. Alstom T&D India has a predominant presence in all stages of the power supply chain, with a wide range of products that include Power Transformers, Circuit Breakers, Gas Insulated Switchgears, Instrument Transformers, Protection Relays and Power System Automation equipments.
Powered by Capital Market - Live News
