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GE VERNOVA T&D INDIA LTD.

04 December 2024 | 01:59

Industry >> Power - Transmission/Equipment

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ISIN No INE200A01026 BSE Code / NSE Code 522275 / GVTD Book Value (Rs.) 48.54 Face Value 2.00
Bookclosure 28/08/2024 52Week High 1969 EPS 7.07 P/E 264.61
Market Cap. 47906.31 Cr. 52Week Low 401 P/BV / Div Yield (%) 38.54 / 0.11 Market Lot 1.00
Security Type Other

History of Company

The company history sections lists out major chronological events that happened to the company.
YEAR EVENTS 2000 - The Scheme of Amalgamation, under which the Kerala-based Alstom T&D Distribution Transformers Ltd. would merge with Alstom Ltd. has been duly sanctioned by the High Courts at Calcutta and Ernakulam.

- Alstom Ltd, the domestic outfit of Franc's $20-billion Alstom is considering a merger with ABB Alstom Power India, another group company, to create the country's largest power and energy equipment maker.

- Alstom Ltd has informed that at the meeting of the Board of Directors of the company held on June 21, 2002 Mr K K Moradian, Managing Director submitted his resignation and requested to be relieved from the close of business on June 30, 2002. The Board has accepted the same, the Board appointed Dr Krishna Pillai, Managing Director of Alstom Power India Ltd and already a member of the Board, as the Deputy Chairman and Joint Managing Director of the company. The Board has also co-opted Mr Ajay Dhagat, who is presently heading the company's T&D segment, as an Additional Director was appointed as Joint Managing Director.

2002

-Board co-opted Mr Ajay Dhagat as the Additional Director on the Board of the company, Mr K K Moradian MD submits his resignation, Dr Krishna Pillai appointed as MD.

2003

-Promoters of the company offload 4.15% of the equity to persons acting in concert.

-Signs a 50mn Euro contract with Jayaprakash Power Ventures Ltd India, for the supply of major hydro-generating plant equipment for 400MW.

-Bags Rs.87cr contract from Hindalco Industries.

-Sells its Transmission & Distribution activities to Areva for 950 mn Euros.

-Members approve for delisting of shares from Madra Stock Exchange.

-Areva buyes Alstom's worldwide Transmission & Distribution business

2004

-Alstom bags order worth Rs 500 Cr from GVK Industries

2005

- HSBC Securities & Capital Markets (India) Pvt Ltd ("Manager to the Offer") for and on behalf of Areva T&DSA ("Acquirer) and Areva T&D Holding SA ("Person Acting in Concert"), pursuant to Regulation 10 and 12 and other applicable provision and as required under the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulation, 1997 and subsequent amendments thereto ("Takeover Regulations") has announced the following to the shareholders of Alstom Ltd ("Target Company"):

The Offer

Pursuant to Regulation 10 and 12 and other applicable provision of Chapter III of the Takeover Regulations the Acquirer is making an Open Offer to the shareholders of the Target Company to acquire up to 7,977,495 fully paid up equity shares of Rs 10/- each of the Target Company representing up to 20% of the present fully paid up equity share capital of the Target Company at Rs 75.03/- per equity share ("Offer Price") to all the shareholders of the Target Company who tender their equity shares and whose equity shares are acquired by the Acquirer.

2005

-Company has changed its name from Alstom Ltd. to Areva T&D India Ltd

2012

-Company has changed its name from Areva T&D India Ltd. to Alstom T&D India Ltd.                                                      
                                                      

                                                    
                                                               

2007

- Areva T&D India Ltd has appointed Mr. Rathin Basu as Managing Director (MD) of the Company, in place of Mr. A K Dhagat (who has since resigned), subject to the approval of the shareholders. Mr. Basu's appointment will be for a period of five years, with effect from February 01, 2007.

2008

-Areva T&D India Ltd has informed that the Board of Directors of the Company at its meeting held on February 28, 2008, inter alia, has accepted the resignation of Mr. M V Dhekne from the Board and in his place Mr. Subir Raha was included to the Board.

- Areva T&D India and GE Consumer and Industrial-India on Sept 29 declared a strategic partnership to concentrate on turnkey electrical solutions.

- The Company has splits its face value from Rs10/- to Rs2/-.

-Registered Office of the Company has been shifted From D-2, Gillander House, 8 Netaji Subhas Road, Kolkata 700 001 To DLF IT Park,No. 8, Major Arterial Road Block-AF, Tower C, 8th FloorNew Town-Rajarhat Kolkata 700 156.

2009

- State Electricity Transmission Company Limited has awarded Areva T&D India the Rs 110 crore contract for construction of WBSETCL's third 400 KV substation in Kharagpur. Three more 400 kV substations will be commissioned one each in Gokorno, Chanditola and Bhangor-Rajarhat area.

2010

- Areva T&D India Ltd has won 1500 MINR contract for Indiabulls Amravati and Nasik Power Projects.

2011

-Alstom wins contract via NASL to retrofit air quality control system in India

-Alstom has signed a contract worth nearly one billion euros to build a new power plant in Estonia

-Alstom-led consortium wins contract worth over _285 million to build India's first variable speed pumped storage hydro power plant

-Alstom wins 180 MW Gas Turbine order for a power plant in Bangladesh

2012

-Alstom Grid wins contract worth around _25 million for a 765 kV Extra High Voltage substation in India

-Alstom T&D India wins a 400 kV substation contract worth 840 MINR from Chattisgarh State Power Transmission Co. Ltd.

-Alstom T&D India (globally known as Alstom Grid) has successfully commissioned electrical balance of plant (eBoP) package for Salaya Project.

-Alstom T&D India wins 960 MINR contract from MSETCL for 400 kV Gas-insulated substation in Maharashtra, western India.

-Alstom T&D India wins 410 MINR contract for 400/220kV substation at Daltonganj.

-Alstom and Druk Green Power Corporation to establish a joint venture for services of hydro components in Bhutan.

-Alstom T&D India wins 1580 MINR contract for 400 kV substation at Meja. -Alstom wins 800 kV UHVDC contract in India.

-Registered Office of the Company has been shifted from "E-48/7, Okhla Industrial Area, Phase II, New Delhi - 110020" to "A-18, First Floor, Okhla Industrial Area, Phase II, New Delhi- 110020"

2013 -Alstom T & D India supports major power infrastructure plans across the country. -Alstom T&D India supplies Balance of Plant solution to Super Thermal Power Project. -Alstom T&D India successfully delivers Power Grids 230 kV transmission project in Myanmar in record time. -Alstom T&D India wins two substation orders from AP Transco. -Alstom T&D India wins major 400 kV gas-insulated substation orders for Himachal Pradesh.

2014 -Alstom T&D India to upgrade grid infrastructure in eastern India. -Alstom T & D India will supply turnkey substation at Bihta for BSPTCL. -Alstom T&D India to Supply Power transfermers in Bhutan. -Alstom T & D India wins a Smart Grid contract (URTDSM) from Power Grid Corporation of India Limited -Record high orders and improving profitability in Alstom's first half of 2014/15, Key milestones achieved in the project with General Electric

2015 -Alstom T&D India successfully commissions Rajasthan's first 765kV substation at Anta -Alstom T&D India Flags-Off country's first 'Made in India' 800 kV HVDC transformer for the Champa - Kurukshetra UHVDC link -Alstom T&D bags Rs. 56.90 cr order from Bhabha Atomic Research Centre -Alstom T&D India receives transformers and reactors orders from Power Grid -The European Commission and the US Department of Justice approve the transaction between Alstom and General Electric -Alstom delivers 1st 800 kV HVDC transformer for Champa-Kurukshetra project

2016 - Alstom T&D India bags two orders worth Rs 202 cr from PGCIL - Alstom T & D India receives orders from Power Grid; to improve power flow in Madhya Pradesh T&D Network". - Alstom T&D India changes name to GE T&D India Ltd - Alstom wins the `Excellence in `Make-in-India' award at Metro Rail Asia Summit 2016 in India. 2017 -GE commissions Pole 2 of Champa-Kurukshetra HVDC link, an energy highway transmitting 3000 MW for the first time in India.

2018

-The company is engaged in the business relating to products, projects and systems for electricity transmission and related activities only.

--GE T&D India agreement with Alstom, GE has completed the acquisition of Alstom's minority ownership of the three joint ventures .

2019

GE T&D India bagged a Rs 162 crore order from Power Grid Corporation to set up a high-voltage substation in Bhuj for evacuating 2,500 MW of wind power.

GE T&D India is a leading player in the power, transmission and distribution businesses.

2020

- GE T&D India bags order form PowerGrid, to set up GIS bays at Phagi in Jaipur.

-GE T&D India Ltd was awarded a supervisory control and data acquisition (SCADA) and advanced distribution management solution (ADMS) project by JKPDD for the distribution operations in Jammu and Srinagar.

2021

-GE T&D India bags order form PowerGrid, to set up GIS bays at Phagi in Jaipur.

-GE T&D India has agreed to sell its Global Engineering Operations Division (India for Global) to GE India Industrial together with the assets and manpower comprised therein alongwith its corresponding liabilities on slump sale basis on an as is where is basis.

2023

"GE T&D India Ltd. secures multi-crore orders from Power Grid Corporation of India for gridmodernization projects".