GE Power India Ltd
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BSE Code:
532309
NSE Code:
GEPIL
Business Profile
Business Profile
Alstom Projects India (ALSTOMPROJ) has full capabilities in engineering, manufacturing, project management and supply of power generation equipment and also has a significant presence in the transport sector providing railway equipment and technology solutions. The company was incorporated in 1992. The chairman of the company is Sunand Sharma and Emmanuel Colombier, the managing director.
The company is a major player in the energy and transport infrastructure business supplying critical electrical and industrial equipment including boilers and turbines and pollution control equipment for power plants. The power segment is engaged engineering, procurement and construction of power plants. The transport segment is engaged in designing, manufacturing, supplying and supporting large scale transportation systems and is among the world leaders in rail transport. It has six engineering centers in four locations. It has four manufacturing units; hydro equipment in Vadodara, boilers in Durgapur, and transport in Coimbatore.
In 2006, Alstom bagged orders worth Rs 2.08 billion for supply of boiler turbine package on a turnkey basis to Bokaro Power Supply Company and an export order worth USD 28.6 million for supply of heat recovery steam generators and equipment to SOHAR, Sultanate of Oman. In 2007, the Alstom Transport led consortium bagged a contract worth Rs 2.55 billion from the Delhi Metro Rail Corporation (DMRC) for train control and signaling systems to be completed by March 2010. The company bagged a contract worth Rs 10 billion from the Gujarat State Electricity Corporation (GSECL) for the construction of a combined cycle power plant in India.
The company has strategic partnerships with NTPC, BHEL, and Infosys for various projects. The registered office is at The International, 5th Floor, 16, Marine Line Cross Road No.1, Off Maharshi Karve Road, Churchgate, Mumbai-400020.
Financials
The company disclosed a marginal rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 4.25% to Rs 313.80 million from Rs 301 million in the same quarter last year. Net sales for the quarter rose 35.31% to Rs 5,369 million, while total income for the quarter rose 33.29% to Rs 5,434.30 million, when compared with the prior year period.
Recent Developments
12-NOV-08
The company has entered into a joint venture (JV) pact with domestic auto component maker Bharat Forge for manufacturing equipment for power sector.