CapitalMarket.com - Alstom Projects jumps after consortium wins contract
Hot Pursuit Monday, April 16, 2012 13:20 Hrs IST

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Alstom Projects jumps after consortium wins contract

Alstom Projects India rose 3.08% at Rs 370 at 13:20 IST on BSE after the company said that its consortium won a contract worth approximately Rs 115 crore from Uttarakhand Jal Vidyut Nigam.

The announcement was made during trading hours today, 16 April 2012.

Meanwhile, the BSE Sensex was up 38.20 points, or 0.22%, to 17,132.71.

On BSE, 49,000 shares were traded in the counter as against an average daily volume of 44,544 shares in the past one quarter.

The stock hit a high of Rs 372 and a low of Rs 357 so far during the day. The stock had hit a 52-week high of Rs 691.90 on 26 April 2011. The stock had hit a 52-week low of Rs 280 on 22 December 2011.

The stock had underperformed the market over the past one month until 13 April 2012, falling 7.90% compared with the Sensex's 4.04% fall. The scrip had also underperformed the market in past one quarter, falling 3.22% as against 5.82% rise in the Sensex.

The mid-cap company has an equity capital of Rs 67.02 crore. Face value per share is Rs 10.

Alstom Projects India said it won the contract in consortium with PES Engineers. This contract is for the 41.4 megawatts (MW) Khatima hydroelectric power project in Uttarakhand.

Alstom Projects India said its share in the total order value is approximately Rs 70.40 crore.

Alstom Projects India reported net loss to Rs 3.85 crore in Q3 December 2011 as against net profit of Rs 15.89 crore in Q3 December 2010. Net sales rose 29.74% to Rs 475.82 crore in Q3 December 2011 over Q3 December 2010.

Alstom Projects India supplies power generation services and equipment. The company provides energy generation through hydro power, gas turbine-based combined power plants, and steam power plants. The company also designs, manufactures, and supplies large scale transportation systems, electricity transmission systems, and energy management systems.

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