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• Areva T&D India rose 1.33% to Rs 205.95 at 13:18 IST on BSE after the company said it has won Rs 22.50 crore contract from North Eastern Electric Power Corporation.The company made this announcement during trading hours today, 30 November 2011.Meanwhile, the BSE Sensex was up 131.15 points, or 0.82% to 16,139.49.On BSE, 7,156 shares were traded in the counter as against average daily volume of 62,438 shares in the past one quarter.The stock hit a high of Rs 208 and a low of Rs 201.15 so far during the day. The stock had hit a 52-week low of Rs 189.05 on 24 November 2011. The stock had hit a 52-week high of Rs 349.90 on 4 January 2011.The stock had outperformed the market over the past one month till 29 November 2011, declining 6.74% compared with the Sensex's 10.09% fall. The stock had, however, underperformed the market in past one quarter, falling 3.38% as against Sensex's decline of 2.49%.
• The mid-cap power transmission equipment maker has an equity capital of Rs 47.82 crore. Face value per share is Rs 2.Areva T&D India said the latest contract from North Eastern Electric Power Corporation is for the supply of a switchyard and transformers package for Pare Hydro Electric Project in Arunachal Pradesh.Areva T&D India said that with increasing use of renewable sources, India continues to diversify its energy mix, strengthening its transmission system. The country was one of the pioneering countries in establishing hydro-electric power plants with the first dam established at Darjeeling and Shimsha (Shivanasamudra) during the last century. The Pare hydro project will provide a more efficient and dependable supply of electricity. 12% of power generated by the dam will feed directly into the state of Arunachal Pradesh helping to reduce scarcity of power, the company said in a statement.
• Commenting on the development, Mr Rathin Basu, MD, Areva T&D India said, “We are proud of our association with North Eastern Electric Power Corporation (NEEPCO) in developing Green Energy Solutions for the region through this highly advanced substation solution for this hydro electric project. Areva T&D India is committed to providing highly advanced global solutions for customers in India to support clean energy”.Areva T&D India's net profit fell 24.1% to Rs 47.79 crore in Q3 September 2011 over Q3 September 2010. Net sales almost remained flat at Rs 1044.18 crore in Q3 September 2011 compared with Rs 1044.41 crore in Q3 September 2010.As a leading player in the power transmission & distribution business, Areva T&D India provides a complete range of innovative solutions across the whole energy value chain: from generation to power consumption.

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