Alstom Projects

Primarily engaged in the business of engineering, construction and servicing of power plants and equipment, Alstom Projects also delves into the transport sector in India, providing railway equipment and technology solutions.

Till the end of Q3FY09 order books of the company totalled Rs 6,500 crore. In January 2009 it received an order of Rs 400 crore. Considering the orders executed at the end of March 2009, the order book of the company stood at some Rs 6,100 crore.

The company has an eye out on the economic slowdown and while it is not looking to slowdown its aggressive approach, it is reducing inefficiencies — it has merged its power equipment with power services division for enhancing operational efficiency.

Despite tough market conditions, the company did well to increase profits by 83 per cent in FY09 compared to FY08. For FY09, average quarter-on-quarter (q-o-q) trend on earnings per share (EPS) was 53 per cent. It ended the year with a dividend of 100 per cent per share compared to 80 per cent in the previous year. With a cash reserve of Rs 394 crore at the end of March 2008 it is virtually debt-free.

With expertise in nuclear and hydro power Alstom Projects is well poised to take to new opportunities as and when the government starts stressing on execution. Its existing plants in Gujarat are well equipped to manufacture nuclear equipment.