GE T and D India Ltd
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BSE Code:
522275
NSE Code:
GET&D
Business Profile
Business Profile
Areva (AREVA), the Indian subsidiary of Alstom SA of France, supplies a range of solutions for transmission and distribution of energy. The company was incorporated as a private limited company on May 13, 1957. It got its name in 2005 on taking over Alstom T&D. The non-executive chairman of the company is S.K. Poddar and Rathin Basu, the managing director.
The company offers products and systems like energy automation and information, electrical distribution systems, high voltage switchgear, medium voltage switchgear, and transformers. Its services include taking care of equipment like transformers, protection and control equipment, information control systems (SCADA), medium and high voltage switchgear, substations and networks through T&D network consulting, equipment expertise, erection, commissioning, supervision, maintenance, application, software maintenance, ..etc. It undertakes project management for turnkey systems, substations, power supplies, transmission lines, ..etc.
The company formed a 50:50 joint venture (JV) with United Company Rusual (Russia) to supply turnkey projects, electrical equipment and services in T&D. The company secured Rs 1.15 billion order from Madhya Pradesh Power Transmission Company to start in 2008 and completed in 2009. It is to start a new instrument transformer factory in Hosur, Tamil Nadu. The company bagged its first turnkey AIS substation contract from ESSAR Steel at a value of Rs 630 million. Maharashtra State Electricity Transmission Co. has also placed its first gas insulated switchgear (GIS) complete turnkey solutions order on the company valued at Rs 339 million. Through group activity, Areva has presence in more than 30 countries with a dedicated sales force serving customers in over 100 countries.
The registered office is at D-2, Gillander House 8, Netaji Subhas Road, Kolkata-700001 and 457, Anna Salai, Teynampet, Chennai-600018.
Financials
The company reported a decline in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company declined 4.99% to Rs 514.00 million from Rs 541.00 million in the same quarter last year. Net sales for the quarter rose 68.03% to Rs 8450.00 million, while total income for the quarter rose marginally 66.86% to Rs 8450 million, when compared with the prior year period. It posted earnings of Rs 2.15 a share during the quarter, registering 0.00% growth over previous year period.
Recent Developments
08-JUN-09
The company`s Transmission and Distribution (T&D) division recently won four orders worth approximately 3,500 MINR to supply Power Grid Corporation of India (PGCIL), with four extra high voltage (765 Kv) substations.
21-MAY-09
The company received order for 400 KV substation at Kharagpur (West Bengal), from West Bengal State Electricity Transmission Company (WBSETCL).
27-APR-09
The company disclosed a decline in standalone net profit for the quarter ended March 2009. During the quarter, the profit of the company declined 5% to Rs 514 million from Rs 541 million in the same quarter last year.
02-APR-09
The company opened 8 new factories at the 3 greenfield sites in Vadodara in Gujarat, Hosur and, Padappai in Tamilnadu.
04-MAR-09
The company inked a contract for Hybrid gas-insulated substation with Rajasthan Rajya Vidyut Prasaran Nigam for Indira Gandhi Nagar substation (Jagatpura) at Jaipur.
24-FEB-09
The company bagged an order from Lanco Infratech for 765kV substation that would connect the Anpara `C` 1200 MW (2X600MW) thermal power plant being developed by Lanco Infratech at Anpara in Uttar Pradesh to the Northern Grid.
19-FEB-09
The company bagged an order from Lanco Infratech for 765kV substation.
18-FEB-09
The company has been chosen as the preferred partner by 8GR Energy for 420kV and 230 kV gas insulated electricity board. The equipment against the order worth approximately Rs 1010 million is to be delivered in Q4 of 2008.
Future Plans
The company plans to invest around Euro 50 million in the country`s transmission and distribution sector over the period 2007-2010.