Areva T&D India Limited Announces Q3, 2011 and 9 Months of 2011 Results

Nov. 16, 2011 - PRLog -- Areva T&D India Ltd*, the leader in the Indian transmission and distribution sector, announced its financial results for the third quarter and nine months of 2011, following approval by the Company’s Board of Directors.

For Q3 2011:

Strong year-on-year growth in Orders in Q3, up by 77% leading to highest ever Backlog of Rs. 5,753 crores up by 17% over last year

In 9 months, the orders have grown by 29%, sales by 12% and operating profit and PAT by 4%

Commissioned 230kV Gas Insulated Substation at BHAVINI for India's Fast Breeder Reactor

Consolidates leadership in the T&D space

Despite tough market conditions, compared to last quarter Areva T&D India orders increased 57% to Rs.1,516 crores, Sales increased by 5% from Rs. 991 crores to Rs.1,044 crores and operating profit moved up from 5.6% to 8.1%  with continued focus on acquiring new orders, better cost optimization and delivering operational excellence.
We successfully commissioned the 230kV Gas-insulated Substation package for BHAVINI, under Dept. of Atomic Energy, for its 500MW Proto-type Fast Breeder Reactor.

Mr. Rathin Basu, Managing Director of Areva T&D India Ltd, said: “The power generation sector as well as the Industry and Infrastructure sectors continue to pass through a rough period which is significantly affecting market growth. Competition remains tough, leading to extreme price pressure. Despite very challenging market conditions, Areva T&D India improved in order acquisition, resulting in its highest level of backlog in this quarter. Efforts on cost optimization and savings are continuing to enhance operational performance. We have maintained the market leadership position in the T&D space.”

*Important Note:
On 7 June 2010, the global activities of Areva T&D were acquired by a consortium of Alstom and Schneider Electric. Following this acquisition, the High Voltage Transmission and the Power Electronics activities are to be carried on under the control of Alstom and the Medium Voltage activities under control of Schneider Electric.
In India on 3 December 2010, following the conclusion of a mandatory tender offer, Alstom and Schneider Electric announced that they had assumed operational control of Areva T&D India Ltd. The respective businesses will now be segregated in terms of a scheme of arrangement through a court process.
However, Areva T&D India will continue to operate under the Areva T&D name until the appropriate judicial process, according to Indian regulations, have been completed.

About Alstom Grid

Alstom Grid, one of four sectors of the Alstom group alongside Alstom Thermal Power, Alstom Renewable Power and Alstom Transport, has over 100 years of expertise in electrical grids. Whether for utilities or electro-intensive industries or facilitating the trading of energy, Alstom Grid brings power to their customers’ projects.  Alstom Grid ranks among the top three in electrical trans-mission sector with an annual sales turnover of over €4 billion. It has 20,000 employees and over 90 manufacturing and engineering sites worldwide. Its four main business areas are Products, Systems, Automation and Service. At the heart of the development of Smart Grid, Alstom Grid offers products, services and integrated energy management solutions across the full energy value chain - from power generation, through transmission and distribution grids and to the large end user.

About Schneider Electric

As a global specialist in energy management with operations in more than 100 countries, Schneider Electric offers integrated solutions across multiple market segments, including leadership positions in energy and infrastructure, industrial processes, building automation, and data centres/networks, as well as a broad presence in residential applications. Focused on making energy safe, reliable, and efficient, the company's 110,000 plus employees achieved sales of 19.6 billion euros in 2010, through an active commitment to help individuals and organizations “Make the most of their energy.”