Alstom T&D India Limited announced its financial results on July 27, 2012, for the first quarter ended June 2012, following approval by the Company’s Board of Directors.
Adding to the healthy order backlog of the preceding quarter, the company has achieved a 9% increase over March 2012 bringing the total order backlog to Rs50,828mn. Sales revenue grew to Rs6,710mn and Profit After Tax increased by 28% to Rs230mn.
This robust performance is the result of the Company’s growth strategy and its continued focus on acquiring new orders, better cost optimisation and delivering operational excellence.
Recent highlights include successfully energising Power Grid’s 765 kV and 400 kV priority bays at Bhiwani in a record time of less than eight months; commissioning the electrical balance of plant (eBoP) package for the ESSAR group’s 2x600 MW power plant located at Salaya in the state of Gujarat; and charging the 220 kV substation for India's largest solar power plant in Rajasthan for Reliance Infrastructure Limited.
Commenting on the results, Mr Rathin Basu, Managing Director, Alstom T&D India said: “Despite the challenging market environment, Alstom T&D India continues to maintain its leadership position, thanks to a healthy order pipeline, and to improve its revenue profile with a focus on accelerating our project execution. We are well positioned as a high technology provider and this has enabled us to continue to win major orders further improving a robust order backlog. "