BWI: AREVA T&D India Limited Announces H1 Results for 2009

Press release from Business Wire India
Source: Areva T&D India
Monday, July 27, 2009 06:50 PM IST (01:20 PM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Energy companies, Financial Analyst, Heavy industries, Stock exchanges
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AREVA T&D India Limited Announces H1 Results for 2009


New Delhi, Delhi, India, Monday, July 27, 2009 -- (Business Wire India) -- -- Net sales 16,287 MINR; grows 45%

-- Operating Profit 1,964 MINR; increases by 4%

-- Order backlog 42,248 MINR; up 3% over December 2008

AREVA T&D India Ltd, a leader in the Indian Power Transmission and Distribution sector, today announced its financial results for the half year ended 30th June, 2009.

Sales have continued to grow at a healthy pace of 45%, while operating profit has increased by 4% to 1,964 MINR as compared to 1,892 MINR in the corresponding period last year.

During the first half of 2009, AREVA T&D India had major successes in several markets such as Utilities and Industry. The Company maintained its leadership in the Extra High Voltage segment by winning 4 major orders from Power Grid Corporation for delivery of 765 kV Substations.

Commenting on the results, Rathin Basu, Country President and Managing Director, AREVA T&D India said, "So far in 2009, we have successfully commissioned eight new factories on time, and they have already started commercial production. We have won a large Static Power Supply project from Aditya Aluminium, in the Industry segment. We are leveraging our local capacities and expertise with success in the Extra High Voltage domain, to further strengthen our leading position in the market."

More About AREVA

With manufacturing facilities in 43 countries and a sales network in more than 100 countries, AREVA offers customers reliable technological solutions for CO2-free power generation and electricity transmission and distribution. We are the world leader in nuclear power and the only company to cover all industrial activities in this field. Our 65,000 employees are committed to continuous improvement on a daily basis, making sustainable development the focal point of the group's industrial strategy. Areva's businesses help meet the 21st century's greatest challenges: making energy available to all, protecting the planet, and acting responsibly towards future generations.

AREVA's T&D division is an active player around the globe. It designs, manufactures and supplies a complete range of equipment, systems and services for all stages in the transfer of electricity, from the generator to the large end-user.

AREVA T&D currently employs over 4600 people in India. AREVA T&D India currently has 16 manufacturing units and 22 sales offices. The company has been a trend- setter in the field of High-Voltage Switchgear; first to build the 765 kV Sub-station in India with NTPC at SIPAT, Chhattisgarh. Around 70% of load flow in India is managed by AREVA T&D's Automation solutions and has to its credit a complete range of T&D Products, Systems, Services & Automation solutions.

Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company's operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.

To view the results, please click on the link given below:

Q2 2009 Results
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Doc 1.pdf
Doc 1.pdf


CONTACT DETAILS
Vandana Dhir, Areva T&D, +91 9717791521, vandana.dhir@areva-td.com
Marie Emery-Leleu, Areva T&D, +33 1 34 96 31 82

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, ENERGY, Financial Analyst, HEAVY INDUSTRIES, STOCK EXCHANGES

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