About The Company
The company is a well managed with balanced plans and system of expansion. Instead of global weakness and shortage of liquidity the company has managed to maintain a balanced growth and has good expansion plans
About The Financials
Areva T&D India Ltd for the third quarter ended 30th September 2008 . The company's net sales rose 35.57% on a YoY to Rs 586.46 crore. Operating profit grew by 11% at rs.85 crore. Profit after tax of Rs 52.31 crore for the quarter was up by 8.89%.During the third quarter, the company made significant additions to its customer list and secured major contracts from Bhilai Steel Plant worth Rs.221 crore.
Cues On the Stock.
1. Areva will provide the transmission and distribution services to the steel plant.
2. The power company will also supply substations to the steel plant and revamp its existing substations. The company expects to complete the project by October 2010.
3.It also got an order from RRVPNL Hybrid substation and distribution transformers for wind energy segment, a first for the company.
4. Expansions, with six new factories at three greenfield sites at Baroda, Hosur and Chennai Padappai ready for production by March 2009.
About The Stock.
The company is good for medium to long term prospective as its planning of expansion and future development remains good.
Disclaimer : I do not have any personal holding in this stock.