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Areva T&D secures large order from MPPTCL for Rs 115 crore
Posted On : 2007-06-12 03:31:45( TIMEZONE : IST )
Areva T&D India Ltd has announced that the Company's Transmission & Distribution (T&D) division, has broken fresh ground with their largest ever product package order in India. This is a 'shot in the arm' and augurs well for the Company with the recent announcement of their new green field power transformer factory at Baroda.
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. To be deployed in various grid substations throughout Madhya Pradesh, these transformers will be used to establish new substations and strengthen the existing ones. This is an Asian Development Bank funded project.
The product delivery is expected to commence from mid March, 2008, and completion by in February 2009.
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 (HV) and the medium voltage (MV) segment. The Company's over 50 years of operating experience in India is complimented with its strong order bookings and new business ventures across its Products, Systems, Automation and Service verticals in the power transmission and distribution arena.
The Company reported a 75% growth in its operating profit for the quarter ended March 31, 2007 reaching an operating profit ratio of 15.1% for the first time.
"The strong order bookings is reflected in Company's improving bottomlines and we are confident of increasing our market share. I thank MPPTCL for placing the order on us, which is yet another example of our customer centric approach." said Mr. Rathin Basu, Country President, of the Company.
