Hot Pursuit     10-Jul-12
New order boosts Alstom India
Alstom India rose 2.14% to Rs 416 at 14:53 IST on BSE after the company said it has secured an order worth about Rs 26 crore from Tata Projects for supply of coal grinding system for NMDC's Nagarnar blast furnace project.

The company announced the new order during trading hours today, 10 July 2012.

Meanwhile, the BSE Sensex was up 215.32 points or 1.24% to 17,607.30.

On BSE, 38,000 shares were traded in the counter as against average daily volume of 52,493 shares in the past one quarter.

The stock hit a high of Rs 422.45 and a low of Rs 410 so far during the day. The stock had hit a 52-week high of Rs 613 on 18 July 2011. The stock had hit a 52-week low of Rs 280 on 22 December 2011.

The stock had outperformed the market over the past one month till 9 July 2012, surging 15.5% compared with the Sensex's 4.03% rise. The stock had also outperformed the market in past one quarter, jumping 16.6% as against Sensex's 0.99% rise.

The company has an equity capital of Rs 67.23 crore. Face value per share is Rs 10.

Alstom India said National Mineral Development Corporation's (NMDC) Nagarnar blast furnace project is expected to be commissioned in 2014.

Alstom India's net profit jumped 61.9% to Rs 136.72 crore on 38.2% growth in net sales to Rs 1073.72 crore in Q4 March 2012 over Q4 March 2011.

Alstom India provides engineering, manufacturing, project management and supply of products and solutions for infrastructure sector.

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