Alstom Projects India Ltd bags 3 new Hydro Projects worth Rs.750 Crores

Alstom Projects India Ltd on February 13, 2007 has announced that in the span of four weeks, the Company has bagged three new orders worth Rs 750 crores for hydro projects at URI Stage-II, CHAMERA Stage-III and CHUZACHEN. The orders for 4 x 60 MW URI Stage-II and 3 x 77 MW CHAMERA Stage-III have been awarded to the Company by National Hydroelectric Power Corporation, India's leading hydroelectric utility, and the order for 2 x 55 MW CHUZACHEN has been awarded by Gati infrastructure, a unit of Gati Group.

These orders consolidate the Company's leadership position in India's Hydro sector. The scope of work includes turnkey execution of Electro-Mechanical lot comprising of hydroturbines, generators and auxiliaries. The Company will execute works worth about Rs 600 acres at the hydro unit based in Vadodara.

Speaking on the announcement Mr. Frederic Lalanne, Vice Chairman & Managing Director, of the Company said, "While India moves ahead on its growth path, as one of the most dynamic economies of the world, we are committed to provide the best in clean power generation technologies and equipment to our Indian partners and customers The hydro facility at Vadodara is one of the three large hydro equipment manufacturing hubs in the group along with China and Brazil. This factory is fully geared to meet the needs of domestic and international projects."

Source : Equity Bulls

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