Alstom T&D India jumped 4.92% to Rs 200.60 at 13:12 IST on BSE, with the stock extending recent gains triggered by the company securing two orders aggregating Rs 298.30 crore in Himachal Pradesh.
Meanwhile, the S&P BSE Sensex was up 1.11 points or 0.01% at 21,102.14.
On BSE, so far 46,000 shares were traded in the counter as against average daily volume of 16,011 shares in the past one quarter.
The stock hit a high of Rs 204.50 and a low of Rs 194.05 so far during the day. The stock had hit a 52-week high of Rs 208 on 4 February 2013. The stock had hit a 52-week low of Rs 110 on 6 August 2013.
The stock had outperformed the market over the past one month till 23 December 2013, advancing 19.24% compared with the Sensex's 4.37% rise. The scrip had also outperformed the market in past one quarter, jumping 30.78% as against Sensex's 6.03% gain.
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The mid-cap company has equity capital of Rs 51.21 crore. Face value per share is Rs 2.
Shares of Alstom T&D India have surged 8.78% in three trading sessions from a recent low of Rs 184.40 on 19 December 2013 after the company during trading hours on Friday, 20 December 2013 said it has secured two orders aggregating Rs 298.30 crore in Himachal Pradesh.
Alstom T&D India said it has been awarded two contracts worth Rs 298.30 crore to supply two 400/220/66 kV gas-insulated substations (GIS) at Wangtoo and Gumma in Himachal Pradesh. The projects respectively received from L&T and HP Power Transmission Corporation (FIPPTCL), aim to improve the transmission capacity of HPPTCL for the transport of electricity generated by hydropower sources across the state, Alstom T&D India said.
The scope of the VVangtoo project, worth about Rs 155 crore, covers the design, engineering, manufacture, supply, testing, and commissioning of 400 kV, 220 kV and 66 kV gas-insulated switchgear, power transformers, instrument transformers and substation automation system, the company said.
The Gumma project, worth Rs 143.30 crore, includes design, engineering, manufacture, supply, erection, testing, commissioning and covers civil works of 400 kV and 220 kV GIS substation on a turnkey basis. All key equipment for both the projects will be produced by Alstom's state-of-the-art manufacturing facilities across India, the company said.
Alstom T&D India reported a net profit of Rs 20.81 crore in Q2 September 2013 as against a net loss of Rs 1.81 crore in Q2 September 2012. Net sales rose 18.3% to Rs 802.25 crore in Q2 September 2013 over Q2 September 2012.
Alstom T&D India is a market leader in the Indian power transmission sector.
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