Alstom T&D India’s profit after tax (PAT) was Rs30.2 crore in Q4 2011-12.
Alstom T&D India Ltd (formerly AREVA T&D India Ltd) announced its financial results on 12 February 2012 for the fourth quarter and twelve months to 31 December 2011. The company has changed its financial year, and accordingly, the current financial year/period would be for a period beginning 1 January 2011 to 31 March 2012.
For Q4, 2011, the sales revenue was Rs678.9 crore, and the profit after tax (PAT) was Rs30.2 crore. The order backlog was Rs4,335.6 crore
Despite tough competition, the company has achieved sales revenue of Rs3116.3 crore for the twelve months of 2011 and Profit after Tax of Rs117.1 crore for twelve months ending on 31 December 2011.
In Q4, 2011 the company achieved yet another milestone by successfully delivering the National Load Dispatch Centre for Bhutan Power Corporation, which manages the entire electricity network of Bhutan. With this, Alstom establishes undisputed leadership in the Energy Management System in the SAARC region having delivered similar systems to Bangladesh (manages 100% of Bangladesh's Grid Power Flow) and India (manages 70% of India's Grid Power flow).
Mr. Rathin Basu, managing director of Alstom T&D India Ltd said, “The market continues to be extremely tough due to postponement of investments as well as huge SEB losses, preventing investments in the power sector. Despite adverse market conditions, we have posted 11.8 % increase in order intake and 13% increase in order backlog (all time high) over annual 2010. Success came mostly through selected utilities, including power grid, small and medium size orders across Industry and Infrastructure segments of the market.”
In the early afternoon, Alstom T&D India was trading at around Rs204 per share on the Bombay Stock Exchange, 2.31% up from the previous close.
Nature’s Basket currently runs 19 outlets and plans to take the total to 25 by the end of the calendar year.
On the back of growing demand for speciality foods among upmarket urban consumers, Godrej Group's gourmet retail chain, Nature's Basket, plans to concentrate on the metros by initially opening at least six stores by December-end, a top company official said. The company currently runs 19 outlets and plans to take the total to 25 by the end of the calendar year. The company will open at least two more by the month end and sees the sales growth of over 60%.
"We see demand growing in large cities where we are already present. Therefore, we plan to continue our focus on the upper end of the market. As per our strategy, we should be over 25 stores by December," Nature's Basket managing director Mohit Khattar told PTI. "We are expecting that our overall business will grow by 60 percent in this fiscal," Khattar added. On the pressure on its margins due to currency fluctuation, he said, "We have not been impacted because most of it is borne by the suppliers." The company recently tied up with Japanese government to promote ethnic Japanese food in its outlets.
The UN and IAEA should take the initiative to arrange for a tri-partite agreement between Iran, Israel and the US to ensure that these arrangements are put in place and implemented as early as possible
Iran’s nuclear program is one of the most vexing issues in one of the world’s most unstable regions. While American and European officials believe Tehran is planning to build nuclear weapons, Iran says that its goal in developing a nuclear program is to generate electricity without dipping into the oil supply it prefers to sell abroad, and to provide fuel for medical reactors.
Iran has been saying from the beginning that while it has the capacity to make nuclear explosive devices, it does not intend to develop nuclear bombs. It has fully demonstrated to the world that it has the capacity to make fissile devices using indigenous nuclear technology and equipment such as centrifuges, etc. Now for the world to be satisfied with these assurances, the International Atomic Energy Agency (IAEA) needs to be brought into the picture and Iran should agree to allow them to inspect all its installations to make sure that the country is only developing energy related nuclear devices. This should be accepted by Israel and the US and they should remove or suspend sanctions against Iran.
Israel should also assure Iran that if the above conditions are fulfilled it will not hold out the threat of a nuclear attack against Iran. This should be verified and certified by the US and they should support suspension of sanctions against Iran.
The UN and IAEA should take the initiative to arrange for a tri-partite agreement between Iran, Israel and the US to ensure that these arrangements are put in place and implemented as early as possible.
(GV Ramakrishna, IAS and MPA, is former Chairman of the Securities and Exchange Board of India and the Disinvestment Commission and former Member of the Planning Commission. Mr Ramakrishna started his career as a biochemist with the Rockefeller Foundation. In 1952, he opted for civil service and the IAS. He was chief secretary of Andhra Pradesh in 1983. In his diplomatic assignments, he was minister of economic affairs at the Embassy in Washington in 1972 and was later India's Ambassador to the European Economic Community (European Union) in 1989. In his varied career he worked for ten years with the Finance Minister. He also worked in the Ministries of Industry, Steel, Coal and Petroleum. He was Advisor in the Planning Commission in 1981 and member in 1994. He was the first Chairman of SEBI and also of Disinvestment Commission.)