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Wednesday, July 4, 2007

Demand for power transmission and distribution is booming..

Fundamental call for medium/long term.

Areva T&D India Ltd is one of the leading T&D Companies of the world. The Products vertical of the Company contributes substantially to its total Indian business and has a broad range of offerings in both the high voltage and the medium voltage segment.

With the recent acquisition of RITZ High Voltage instrument transformers activities and Passoni & Villa, it is a worldwide leader in this field and holds the number one market position in the United States, Germany and Brazil. With over 50 years of operating experience in the country, Areva T&D India contributes to around 9 percent to the overall order intake of its parent Company.

The Company reported a 75% growth in its operating profit for the quarter ended March 31, 2007. Areva is having a large order book from compnies like RPL, NALCO, GECOL etc. Recently, Madhya Pradesh Power Transmission Company Ltd (MPPTCL) — transmission and distribution electricity utility of Madhya Pradesh has awarded a contract to Areva T&D for 22 x 160 MVA 220/132/33 KV autotransformers and 4 x 100 MVA 220/33/33 kV two winding transformers, including transport and supervision of erection and commissioning. Totaling over Rs 115 crore, this is a big product package order for the Company to date.

Reinstating its strategic importance in the competing Indian SEZs market, Areva has further announced establishment of a new power transformer factories at Hosur, Tamil Nadu and Vadodara, Gujarat.

Company has been an outperformer in the market with its aggressive plans. Even today when all the stocks are down areva has kept its head up.


2 comments:

Avinash Jha said...

ICICI code: GECALS
listed on BSE.

Avinash Jha said...

stock is up , up and up. nothing can stop this

CMP 1,724.10
up by 104.00 (6.42%)

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