Alstom T&D India has reported a total income of Rs. 683 crore in the second quarter ended September 30, 2012 against Rs. 1,055 crore in the same period in the previous year. There was a net loss of Rs. 1.81 crore against a profit of Rs. 47.79 crore. For the quarter under reference, the company achieved a strong growth in orders, up by 61 per cent over the preceding quarter, leading to a backlog of Rs. 6,100 crore, up by 34 per cent against September 2011. The operating profit was lower compared to the preceding quarter, due to low market prices and provisioning of Rs. 30 crores for some of the customers, due to their perceived weak financial position.
During the quarter, Alstom announced signing of the 800 kV HVDC Champa-Kurukshetra project along with group Company, with Power Grid. Alstom T&D India’s share in the contract was around Rs. 1,080 crore.
Rathin Basu, Managing Director, Alstom T&D India said in a release that “Despite falling market prices and low capex investment, Alstom T&D India has improved its position in the high-end of the market in 800 kV HVDC, 765 kV AIS and 400 kV GIS technologies. We have good level of backlog and are reinforcing our efforts .”
ADVERTISEMENT