The scope of the contract includes design, engineering, manufacture, supply, testing, and commissioning of the 66 kV GIS, substation automation and control system.
Alstom T&D India today said it has bagged a contract worth Rs 27.7 crore from Himachal Pradesh Power Transmission Company to supply a 66 kV gas-insulated substation (GIS) for evacuating power from new generation sources to Kinnar district in the state.
"The project aims to transmit power from new generation sources to the Kinnaur district in Himachal Pradesh, paving the way towards harnessing 23,000 MW of hydro power potential in the state," said a release. The scope of the contract includes design, engineering, manufacture, supply, testing, and commissioning of the 66 kV GIS, substation automation and control system.
Also Read: Alstom T&D's Jan-Mar profit jumps 17% to Rs 62.24 cr
All equipment will be produced by Alstom's state-of-the-art manufacturing facilities across India, the release said. "To harness the hydropower potential in the state, there is a need for a reliable means to transmit the power to the end-consumer, without destabilising the network from power overload. Alstom's new GIS in Urni will draw in the power from new generation sources, including hydropower, before transmitting into the grid," Alstom Managing Director Rathin Basu said.
The company has been localising GIS manufacturing activity in India since 2009 in Padappai near Chennai, and currently leads the GIS market in the country, he added. So far, Alstom has supplied around 700 GIS substations in the country, covering a range of voltages from 66kV to 400kV, it said.
Alstom T&D stock price
On July 03, 2014, Alstom T&D India closed at Rs 337.50, up Rs 0.95, or 0.28 percent. The 52-week high of the share was Rs 353.00 and the 52-week low was Rs 110.00.
The company's trailing 12-month (TTM) EPS was at Rs 4.57 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 73.85. The latest book value of the company is Rs 48.77 per share. At current value, the price-to-book value of the company is 6.92.
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