GE T&D India Ltd
GE T&D India Ltd (GET&D)

GE T&D India Ltd (GET&D)

₹1250.64%

Key Stats

₹121.7
Day's Price Range
₹127.85
₹81.45
52-Week Price Range
₹142.5
1 Month Return-8.11 %
3 Month Return25.77 %
1 Year Return-3.43 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 266
EPS
Rank 266
BVPS
Rank 167
₹41.9
Dividend Yield
Rank 105
0.55%
ROE
Rank 520
-14.48%
Price To Book Ratio
2.96
Debt To Asset
Rank 73
0.77

Company Information

GE TD India Limited formerly ALSTOM TD India Limited is a leading player in the power transmission distribution infrastructure business. The company has a total of 6 manufacturing sites. It has a portfolio of products solutions and services comprising the entire range of transmission equipment up to Extra and Ultra High Voltages 765 kV and beyond including airinsulated switchgear AIS and locally manufactured power transformers and gasinsulated switchgear GIS. It also provides power electronics solutions to create super highways and offers advanced power management Smart Grid solutions for transmission and distribution including renewable energies integration.The company was incorporated in 13th March of the year 1957 as The English Electric Company of India EEI. The Company started manufacturing solidstate generators and transformers vacuum switches and electric motors in collaboration with GEC International Controls UK and Electroimplex Bulgaria during the year 198283. In 1984 the collaboration agreements were signed with GEC Power Transformers UK and Raydne UK to manufacture the medical electronic equipment. Another collaboration agreement also signed with GEC Machines UK to manufacture hydroelectric generators during the same period. During April of the year 1993 the company name was changed from The English Electric Company of India EEI to GEC Alsthom India. Areva TD came out with a rights issue during July of the year 1994 to fund the normal capital expenditure and bump up the longterm sources of operational possessions. In July 24th of the year 1998 again the company name was changed to ALSTOM Limited. During the year 19992000 two collaboration agreements were entered with Alsthom TD SA France for the manufacture of 72.5 KV SF6 Circuit Breakers and 420 KV SF6 Circuit Breakers both operated by spring mechanism. The company made a joint venture with KoCoS Messtechnik of Germany to spun off the energy division. The Company had commissioned the 315 MVA 400 kV Transformer successfully in August of the year 2001. During the year 200203 the company had successfully tested the new generation 145 kV circuit BreakerTypes GL312 as per IEC standards and also commissioned the 420 kV Circuit Breaker for the 4500 MW Super thermal Power Plant at NTPC Talcher. Areva TD signed a 50million Euro contract with Jayaprakash Power Ventures Ltd India during the year 2003 for the supply of major hydrogenerating plant equipment for 400MW and in the same year the company bagged the contract from Hindalco Industries worth of Rs.87cr also the company received the order worth Rs 500 Cr from GVK Industries. During April of the year 2005 Holdings SA and AREVA TD SA Jointly with Areva TD Holdings SA has reached an understanding for acquisition of upto 26464400 equity shares 66.35 held by ALSTOM Holdings in the company for a consideration of Rs.806 Million. Name of the company has been changed from ALSTOM Limited to Areva TD India Limited effective from 23rd September 2005. During August of the year 2006 the company launched the MiCOM T390 Universal Power Line Carrier PLC a comprehensive solution for communication requirements over HV lines. The 33kV Circuit Breakers of the company were successfully type tested in Italy and these are being quoted in the market. Maiden order for Rukmani Power Limited was successfully executed in August of the year 2006. Unit has also commenced export of subassemblies and components of HVX Breakers to AGS Germany. The merger of all TD entities of AREVA in India has been successfully completed in the year 2006. In 2007 the company bagged 126 M Order from KAHRAMA Water Electricity QATAR to supply six Turnkey 66 kV GIS Substations and also 26 M Order from Kenya Power Light for turnkey substations for the distribution network. During the same year 2007 as at 20th January Areva TD commissioned the 765 kV Turnkey Substation for NTPC Sipat. The largest Generating Transformer 370 MVA/220 kV delivered to Reliance Energy and also stateoftheart City Distribution SCADA Systems commissioned in the same year of 20079 out of 10 Circles done by AREVA TD India for MSETCL a model for other SEBs to emulate with APDRP 2 funds. In 2007 AREVA TD India has won the Technology Process Adaptation Upgradation Efficiency and Innovation Award in Transmission and Distribution for designing installing and commissioning Indias first 765 kV EHV circuit breaker. And also in the same period the company has reached a new milestone with the global product launch of new Air Core Reactors with MultiWire Cable Design MCD. Air Core Reactors provide a linear response of impedance versus current. As at January 2008 the company launched the HYpact ITR products focus on Packaged Substations. The Company received Best stall Award in 400sqm categories in ELECRAMA 2008. During June of the year 2008 the company inaugurated the new production hall of its Power Transformer Plant located in Monchengladbach Dusseldorf region Germany. Also in July 2008 Areva TD entered into a strategic partnership agreement with NovaTech to distribute the measurement instruments under the MiCOM brand names.The name of the company was changed to ALSTOM TD India Limited from AREVA TD India Limited effective 31 January 2012 to reflect its name with that of the promoter group. During the financial year 201314 ALSTOM TD India inaugurated Indias first Digital Substation Automation Competence Centre at Pallavaram Chennai. The opening of the Competence Centre will allow further advancement of High Extra High and Ultra High Voltage as well as Renewable Power concept thus enabling the company to maintain its leadership position in the transmission market. In terms of localisation of large transformers of Extra High Voltage 765 kV the company achieved a landmark with the flagoff of 100th 765 kV transformer for Power Grid in October 2013 from its Vadodara unit. During the financial year 201415 a historical milestone was achieved with the flagoff of the first Madeinindia 800 kV HVDC convertor transformer from the companys worldclass power transformer manufacturing facility at Vadodara in the state of first Gujarat. During the year the company achieved another milestone by delivering 100th unit of 765kV Shunt Reactor for PowerGrid Varanasi site. The 100 MVAR reactor units were the result of indigenous technology and technical expertise of Vadodara facility.On 2nd November 2015 GE acquired ALSTOMs shareholding in ALSTOM TD India Limited ATDIL as a part of its global acquisition of Energy business activities of ALSTOM.During the year 2015 the Company secured a contract of Rs. 670 million to expand and upgrade the energy management system of Indias various control centers in North East India: North Eastern Regional Load Despatch Centre NERLDC and seven other Regional Load Despatch Centers RLDCs.During the year 2015 the Company demonstrated its expertise in execution of turnkey projects by commissioning 51 AIS and GIS substations. The rst 765 kV substation of Rajasthan at Anta was commissioned by Company during the year. Apart from this turnkey projects were also executed and commissioned for Companys major customers like PGCIL MSETCL WBSETCL GETCO CSPTCL and APTRANSCO.On 15 June 2016 ALSTOM TD India announced that it has been awarded two contracts worth over Rs 202 crore from Power Grid Corporation of India Limited for execution of projects in Madhya Pradesh. Both the projects will facilitate evacuation of power and add to availability of electricity in the central region.The Company secured three new contracts worth Rs 2317 million US 35 million from PowerGrid to supply transformers and shunt reactors for 765/400kV substation situated at Agra in Uttar Pradesh and spare units of 765kV transformers and reactors as part of eastern and southern region strengthening schemes. The products for all these contracts will be delivered from Companys worldclass factory at Vadodara in India. The name of the company was changed from ALSTOM TD India Limited to GE TD India Limited with effect from 2 August 2016.During the financial year 201617 GE TD India achieved a new milestone by delivering 200th unit of 765kV Shunt Reactor from its world class manufacturing facility at Vadodara. In another important milestone the company successfully commissioned Pole 1 of Phase 1 of Champa 800 kV Ultra High Voltage Direct Current UHVDC project transmitting 1500 MW of power from Champa Chhattisgarh to Kurukshetra Haryana in March 2017.During the financial year 201617 the Company was awarded two contracts by Doosan Power Systems for developing 765kV/400kV Gas insulated substations for 2660 MW Thermal Power Plants at Jawaharpur and Obra in the state of Uttar Pradesh. These substations will be located at Sonebhadra and Etah and shall contribute significantly towards bringing electricity to state of Uttar Pradesh which is today facing acute power shortage. The products shall be supplied from our local manufacturing facilities at Hosur Padappai and Vadodara.During the year 201617 the Company demonstrated its expertise in execution of turnkey projects by commissioning 40 numbers of AiS and GiS substations. The first 765kV substation of Maharashtra MSETCL at Aurangabad was commissioned by Company during the year. Apart from this large number of turnkey projects were also executed and commissioned for Companys major customers: Power Grid MSETCL WBSETCL GETCO APTRANSCO and Megha infrastructure.In FY 201617 the Companys transformer factory in Vadodara commissioned 29 units of 765kV iCT/GTs along with 28 units of 765 kV Shunt Reactors. The transformer factory at Naini delivered and commissioned more than 40 units of Transformers Reactors to more than 20 customers.On 3 November 2017 GE TD INDIA announced that it has sold its global financial shares services business hereinafter referred to as GFSS to M/s GE India Industrial Private Limited together with the assets and manpower comprised therein on a slump sale basis on an as is where is basis for cash consideration of Rs 6.5 crore. GFSS was a noncore business activity for the company and the sale would help management to focus on its core business activities.During FY 2017 the Company executed renovation and modernization across several power generation projects like National Hydro Power Corporation SJVN And National Thermal Power Corporation.During the year 2017 the Company consolidated its expertise in State Grid networks across the country. Your Company was awarded 400kV/220kV/132kV turnkey gas insulated substation order by Uttar Pradesh Power Transmission Corporation Ltd. UPPTCL at Lucknow Hardoi Road.During the year 2017 the Company won several projects across the states of Gujarat Rajasthan Telangana Bihar and Orissa to provide endtoend turnkey solutions and products for grid strengthening and expansion of interintra state grid networks.During the year 2017 the Company demonstrated its expertise in execution of turnkey projects by commissioning 60 numbers of AIS and GIS substations enabling addition more of than 13 GW power into the Grid. Main success stories were commissioning of Pole 2 1500 MW of HVDC at Champa and Kurukhetra 765kV bay extension projects for Power Grid at Wardha Vindhyachal Jaipur and Gwalior within 12 months completion of 400kV / 220kV Substation including 500 MVA transformer in 4 months and commissioning of transformer package for LT Power at Bheramara in Bangladesh. Besides the Company executed and commissioned large number of turnkey projects for esteemed customers that include Power Grid Bihar State Power and Transmission Company Limited BSPTCL Rajasthan Transmission Co. Ltd RVPN Chattisgarh State Power Transmission Co CSPTCL Maharashtra State Electrical Transmission Co. Ltd MSETCL Megha Engineering and Infrastructure Ltd MEIL Sterlite Energy and others.In FY 201617 the Company has been selected by Power Grid to provide 420 kV series reactors for Ballabgarh and Mandala substations of project.During the year 201617 the Company achieved a new milestone by delivering 200th unit of 765kV Shunt Reactor from its world class manufacturing facility at Vadodara.The Company successfully commissioned Pole 1 of Phase 1 of Champa 800 kV Ultra High Voltage Direct Current UHVDC project transmitting 1500 MW of power from Champa Chhattisgarh to Kurukshetra Haryana in March 2017.During the year 201617 the Company demonstrated its expertise in execution of turnkey projects by commissioning 40 numbers of AIS and GIS substations. Main success stories were commissioning of 765 kV bay extension project for Power Grid at Phagi in record time of 6 months commissioning of 1st solar project of 1x70 MW at Bhadla for Tata Power in 6 months and commissioning of 110 kV GIS along with laying of 16 kms of 110 kV cable in Kollam city in record time. Apart from this large number of turnkey projects were also executed and commissioned for Companys major customers viz Power Grid Odisha Power Transmission Corporation Limited OPTCL West Bengal State Electricity Transmission Company Limited WBSETCL Gujarat Energy Transmission Corporation Limited GETCO Andhra Pradesh Transmission Company APTRANSCO and Megha infrastructure.During the year 2018 the Company was awarded orders for full turnkey basis of 240 MW solar in the state of Orissa by Pan India Infra projects. Building on the references in solar execution the Company also won 440 MW Solar projects by Essel in the state of Uttar Pradesh and Orissa.In FY18 the Company won contract from HPCL Mittal Energy HMEL for development of 400/66kV GIS MRSS Main receiving substation at HMEL Bhatinda refinery. The project encompasses design engineering supply testing and commissioning of 12 400kV gas insulated switchgear bays three phase power transformers and OM contract post commissioning.
OrganisationGE T&D India Ltd
HeadquartersNew Delhi
IndustryCapital Goods - Electrical Equipment