Areva T&D India Ltd Announces Q2 & Half yearly results of 2011
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NOIDA, August 8, 2011
Areva T&D India Ltd, the leader in the Indian transmission and distribution sector, today announced its financial results for the second quarter of 2011 and half year 2011, following approval by the Companys Board of Directors.
For Q2 2011:
- Sales Revenue Increases by 12% to 9,906 MINR
- Operating Profit Decreased by 9% to 554 MINR
- Order Backlog remains stable at 51,497 MINR
Half Year 2011 results:
- Sales increased by 20% to 19,820 MINR,
- Order intake increased by 9% to 22,153 MINR, and
- Operating Profit increased by 41% to 1,145 MINR compared to the same period last year.
Areva T&D India flagged off Indias first 1200kV Capacitor Voltage Transformer (CVT), which was designed, manufactured and tested at its state-of-the-art facility in Hosur for Power Grids Ultra High Voltage Test Station at Bina, MP.
With the recent commissioning of Delhi Transcos 220kV Gas-Insulated Switchgear (GIS) Substation, Areva T&D India leads with the highest number of installed GIS bays in the country. The company was the first to introduce the manufacture of high voltage GIS in India in 2009, at its Padappai site in Chennai.
Mr. Rathin Basu, Managing Director of Areva T&D India Ltd, said: The T&D market
continues to be very challenging primarily due to delays in customer projects, which has resulted in falling market volume, increased competition and fall in prices. However, we continue to remain successful in the mid-size segment winning orders both in private and utilities market. Thanks to our strong position in the high technology domain we have a good backlog.
*Important Note
The high voltage activities described in this press release are under the operational control of Alstom Grid and carried out in India through Areva T&D India limited, a company publically listed on the stock exchanges of India.
On 7 June 2010, the global activities of AREVA T&D were acquired by a consortium of Alstom and Schneider Electric. Following this acquisition, the High Voltage Transmission and the Power
Electronics activities are to be carried on under the control of Alstom and the Medium Voltage activities under control of Schneider Electric.
In India on 3 December 2010, following the conclusion of a mandatory tender offer, Alstom and Schneider Electric announced that they had assumed operational control of AREVA T&D India. The respective businesses will now be segregated in terms of a scheme of arrangement through a court process.
However, Areva T&D India will continue to operate under the Areva T&D name until the appropriate judicial process, according to Indian regulations, have been completed.
*Important Note
The high voltage activities described in this press release are under the operational control of Alstom Grid and carried out in India through Areva T&D India limited, a company publically listed on the stock exchanges of India.
On 7 June 2010, the global activities of AREVA T&D were acquired by a consortium of Alstom and Schneider Electric. Following this acquisition, the High Voltage Transmission and the Power
Electronics activities are to be carried on under the control of Alstom and the Medium Voltage activities under control of Schneider Electric.
In India on 3 December 2010, following the conclusion of a mandatory tender offer, Alstom and Schneider Electric announced that they had assumed operational control of AREVA T&D India. The respective businesses will now be segregated in terms of a scheme of arrangement through a court process.
However, Areva T&D India will continue to operate under the Areva T&D name until the appropriate judicial process, according to Indian regulations, have been completed.
About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world. It provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids.
The Group employs 93,500 people in 100 countries and had sales of 20.9 billion in 2010/11.
Alstom Grid has over 100 years of expertise in electrical grids. Whether for utilities or electro-intensive industries or facilitating the trading of energy, Alstom Grid brings power to their customers projects. Alstom Grid ranks among the top 3 in electrical transmission sector with an annual sales turnover of over 4 billion. It has 20,000 employees and over 90 manufacturing and engineering sites worldwide. At the heart of the development of Smart Grid, Alstom Grid offers products, services and integrated energy management solutions across the full energy value chainfrom power generation, through transmission and distribution grids and to the large end user.
Press Contact
Emmanuelle Helleux (Alstom Grid) Tel : +33 1 47 01 70 87
Website www.alstom.com