Alstom T&D India Limited announces Fourth Quarter and Full Year 2012/13 results

11 years ago

Alstom T&D India Limited today reported its financial results for the fourth quarter and for year ended 31^st March, 2013.

For the fourth quarter (1^st January-31 March 2013)

Orders booked during the quarter Rs. 675 cr; backlog at a robust level of Rs. 6,200 cr
Sales revenue increased by 53% over the preceding quarter
Operating profit increased to Rs. 92 cr (8.4%), from Rs. 33 cr (4.6%) in the preceding quarter

For year ended 31^st March, 2013

Highest ever order intake of Rs. 4,700 cr achieved despite prevailing tough market conditions in Power and T & D Sectors
Alstom Grid made a comeback in HVDC (800 kV/3,000 MW) by winning a turnkey contract worth Rs. 2,600 cr (ATDIL part Rs. 1,100 cr) from Power Grid Corporation of India Limited.
Maintained leadership in 765 kV segment, the emerging Grid backbone voltage for the 12^th plan, with 29 out of India’s 50 substations at 765 kV being installed with Alstom technology.
Won the prestigious ‘Delhi Grid Islanding’ project (to isolate and protect power supply in case of grid failure) from Delhi Transco Limited in association with the Ministry of Power and Power Grid Corporation of India Limited.
A record number of 88 substations, ranging from 66 kV to 765 kV, were delivered and commissioned during the fiscal year 2012/13 making a strong contribution in building India’s Electrical Grid network for Power Grid, State Utilities & private sectors.

The Board of Directors of Alstom T&D India Limited met on 29^th April, 2013 in New Delhi to approve the annual results of the company. The company performed well in a challenging market by delivering strong operational performance across design, engineering, manufacturing, installation and commissioning for customers in utility, power generation, industry and infrastructure segments. The company maintained its market leadership position for the fifth consecutive year. A dividend of Rs. 1.80 (90%) per share has been recommended for the financial year.

Rathin Basu, Managing Director of Alstom T&D India, said: “The market continues to be challenging due to issues such as SEB financing, fuel supply for power generation, land availability for sub-stations and slowdown of capex. We have performed soundly on all major KPIs. As we enter fiscal 2013/14, strong backlog of Rs. 6,200 cr will help us to mitigate challenges of the prevailing business environment.”