Alstom T&D India Limited announces First Quarter 2015/16 results

Alstom T&D India Limited announced its financial results on July 23, 2015, for the first quarter ended June 2015, following approval by the companys Board of Directors.

The company continues to maintain a healthy backlog of 80,023 MINR by winning 7,082 MINR orders during the quarter, which increased by 21.3% as compared to the first quarter 2014/15. Sales revenue was 7,953 MINR, up 18.5% versus the same period last year and profit after tax was 196 MINR.

The market continues to be sluggish and decisions on major orders were postponed. Despite this challenging economic environment, the company won several new orders during the quarter notably in the domain of Transformers, Reactors and Gas-Insulated Substations, ranging from 220 kV to 765 kV. The company continues to maintain its market leadership position.

Rathin Basu, Managing Director of Alstom T&D India, said, The market continues to be depressed as capex in industry and infrastructure are being postponed. Severe cash constraint in the market, due to huge discom losses and associated potential Bank NPAs, has increased level of overdues with customers. Margins continue to be under pressure due to low demand. Notwithstanding the issues which have severely impacted the industry, Alstom T&D India has maintained its leadership position in the T&D domain and hope for a market turnaround in the near future. 

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, 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 88,000 people in around 100 countries. 

Alstom T&D India (globally known as Alstom Grid), is a market leader in the Indian power transmission sector. It has over 100 years of expertise in building the transmission infrastructure for the country. Alstom has a strong portfolio of products, solutions and services, comprising the entire range of transmission equipment up to Extra and Ultra High Voltages (765 kV and beyond) including air-insulated switchgear (AIS) and locally manufactured power transformers and gas-insulated switchgear (GIS). It also provides power electronics solutions (HVDC, FACTS) to create super highways and offers highly advanced power management Smart Grid solutions for transmission and distribution including renewable energies integration. With around 3,300 employees and six world class manufacturing sites, Alstom T&D India is future ready to support the rapidly evolving transmission sector in India. 

Press Contacts 

Julie Khoo/Aline Besselièvre (Alstom Grid) Tel: +33 1 49 01 67 60; julie.khoo@alstom.com ;aline.besselievre@alstom.com 

Sapna Lalwani / Shreyosi Sen (Alstom T&D India) Tel: +91 911204731676; 
sapna.lalwani@alstom.com; shreyosi.sen@alstom.com 

Websites: www.alstom.com; www.alstom.com/grid