जीई पावर इंडिया

बीएसई: 532309  |  NSE: GEPIL  |  ISIN: INE878A01011  |  Power - Transmission & Equipment

खोजें जीई पावर इंडिया कनेक्शन Mar 12
अध्यक्षीय भाषण साल : Mar '13
Dear Shareholders,
 It gives me great pleasure to present the Annual Report on performance
 of the Company during the year ended 31 March 2013. Against a
 background of fast-changing and unpredictable operating conditions,
 Alstom maintained strength and momentum in the lastfinancial year with
 robust earnings, strong order intake book position and improved sales
 from all of its business segments. The year was marked with solid
 execution, growth and accomplishment for Alstom''s employees and
 stakeholders as we progress towards our vision of maintaining our
 leading position in the market.
 For a variety of reasons, the last year has been a difficult one for
 the Indian economy which is suffering the consequences of high fiscal
 deficit and the Current Account Deficit has grown to twice the size at
 an unacceptable level of 5.5%. However, driven by strong government
 policies and positive reforms, the Indian infrastructure market is on
 the rise. Despite the challenging environment, Alstom India has
 strengthened its position as a leading player in its space by winning
 important contracts and accomplishing them successfully. There has been
 very good growth in terms of expansion and investments. Till date
 Alstom in India has installed power projects of 15 GW and 21 GW
 projects are under execution. In hydro power Alstom enjoys the number
 two position with a market share of31%.
 We will continue to build long-term value and meet the evolving needs
 of our stakeholders through strategic investments. Our strong order
 intake suggests that there is growth and opportunities in the markets
 that we operate in - India and South Asian markets. However, the
 competition is growing with intensity and the markets are no longer
 expanding but contracting, so there is a need to remain ever vigilant
 and work harder to maintain our position already achieved.
 Before I dwell upon about the performance of your Company in the year
 under review and our future plans, I would briefly outline the major
 developments that framed our operating environment.
 Business environment
 The electricity sector in India had an installed capacity of 223.625 GW
 as of April 2013,the world''s fifth largest. Captive power plants
 generate an additional 34.444 GW. Non Renewable Power Plants constitute
 87.55% ofthe installed capacity and 12.45% of Renewable Capacity.
 In terms of fuel, coal-fired plants account for 57% of India''s
 installed electricity capacity, compared to South Africa''s 92%;
 China''s 77%; and Australia''s 76%. After coal, renewal hydropower
 accounts for 19%, renewable energy for 12% and natural gas for about
 India currently suffers from a major shortage of electricity generation
 capacity, even though it is the world''s fourth largest energy consumer
 after United States, China and Russia.The International Energy Agency
 estimates India needs an investment of at least 5 billion to provide
 universal access of electricity to its population.
 Key implementation challenges for India''s electricity sector include
 new project management and execution, ensuring availability of fuel
 quantities and qualities, lack of initiative to develop large coal and
 natural gas resources present in India, land acquisition, environmental
 clearances at state and central government level, and training of
 skilled manpower to prevent talent shortages for operating latest
 technology plants. Domestic demand will increase more rapidly as the
 quality of life for more Indians improve and India''s manufacturing
 sector is expected to grow faster than in the past.
 As per the Rail budget announced on 26 February 2013 a host of projects
 is now lined up for the private sector like the Dedicated Freight
 Corridor (DFC), re-development of railway stations, power generation,
 energy saving projects, freight terminal operations, setting up of
 wagon and locomotive units, gauge conversion and network expansion,
 among others.
 The magnitude of the Indian Railways'' infrastructure upgrade and
 modernization program has made private participation an integral
 component of all developments for key initiatives. The ongoing and
 proposed Metro Rail projects in several Indian cities, including Delhi
 and Mumbai, have encouraged large-scale private participation in the
 areas of providing engines and coaches as well as infrastructure
 development for both domestic and multinational companies. Furthermore,
 the global railroad transport industry is expected to hit the 0
 billion mark by 2015, according to research from Global Industry
 Your Company is poised to participate and contribute in the emerging
 opportunities in both power and rail transport sectors.
 Company''s Performance
 I would like to inform you that during the financial year ended 31
 March 2013, your Company has achieved revenues of Rs. 27,775 million
 and Profit after tax of Rs. 1,837 million as against the revenues of
 Rs. 24,121 million and Profit after Tax of Rs. 1,678 million in the
 previous fiscal 2011-12. This has resulted in higher earnings per share
 of Rs. 27.33 as compared to Rs. 24.95 in the previous year.
 Keeping this in view, your Board of Directors has recommended a
 dividend of Rs.10/- (100%) per share on the equity shares ofthe
 I would now like to briefly highlight the two segments in which your
 Company operates:
 The year 2012 witnessed sluggishness in the market mainly due to fuel
 constraint for Thermal (Coal & Gas) and statutory clearances for Hydro
 projects. However, Government seen taking some measures to revive the
 sector namely Presidential directive to Coal India to implement Fuel
 Supply Agreements, revision of power tariffs, restructuring package
 offered to loss making Discoms. Tariff hike for imported coal based new
 plants is also expected. Furthermore, given the aggressive targets
 being set for the 12th Five Year Plan of the Government of India, it is
 still expected that the demand for power equipment and services will
 grow in near future. Coal will still be the majorfuel for power
 generation; growth is also expected in nuclear, hydro and renewable
 Power sector has huge potential to grow and generate significant gains
 for the investors due to the huge market size. The government''s
 efforts to some extent are paving way for electricity in every
 household of nation.
 It is universally recognized that transport is crucial for sustained
 growth and modernization. Adequacy of this vital infrastructure is an
 important determinant of the success of a nation''s effort in
 diversifying its production base, expanding trade and linking together
 resources and markets into an integrated economy.
 During the financial year under review, several opportunities of the
 Indian Railways did not materialize as anticipated due to deferment and
 rescheduling. However, we will continue to seek these out in order to
 work with Indian Railways to upgrade its infrastructure as well as
 participate in network expansion. On the Metro front, we have gradually
 expanded our footprint and at the same time, participated in signaling
 opportunities with existing customers, the results for which are
 During the year, our primary focus was on successful and timely
 execution of contracts for Jaipur, Bangalore and Chennai. We finalized
 the detailed design for Jaipur and hope to complete the work during the
 current year. We successfully commissioned the Baiyapanhalli Depot for
 Bangalore Metro. Further, as part of our ongoing engagement with Delhi
 Metro, we successfully commissioned the updated signaling system for
 the first 8 car train for Delhi. This achievement was acknowledged by
 the Delhi Metro, our esteemed customer.
 The Transport Information Systems (TIS) operation in Bangalore
 continues to expand with a greater role being assigned to it in
 engineering and R&D projects, both for local as well as global
 customers. It is an important regional centre being equipped to cater
 to the APAC region and is gradually acquiring the competence to attain
 this leadership position. We therefore expect the expansion of
 activities in Bangalore TIS to continue in the forthcoming year as
 well. AIL''s Transport Unit in Coimbatore is now well geared for the
 manufacture of traction components and this will be used on the Metro
 trains for Chennai Metro, as well as for serving the global demand.
 The Government of India recognizes the importance of the private sector
 in bridging the resource gap in investment and improving the
 operational and managerial efficiency in the transport sector in order
 to address capacity constraints and deficiencies in the existing
 transport infrastructure and meet rapidly growing demand. The
 Government is actively pursuing policies to promote private sector
 involvement in the development of transport infrastructure and
 services. This will help your Company to increase the volume of its
 current activities in the transport business.
 Environment, Health & Safety (EHS)
 Your Company conducts its business operations fully respecting and
 following the internal EHS Directives and instructions, so as to
 protect the employees, contractors, customers and stakeholders. Your
 Company''s sharp focus on EHS ensures maintaining high standards of
 safety, health and environment care at all our operating locations.
 Compliance with relevant regulations and effective management of these
 issues is an integral part of the Company''s operating philosophy. EHS
 is managed and controlled in your Company through an integrated EHS
 Management System providing continuous improvement in the EHS
 Performance. EHS Management System is based on an EHS Roadmap, which
 has been developed with the objective that it will become a tool for
 self-assessment as well as formal assessments and a management tool to
 evaluate the performance of EHS, Security and Loss prevention
 management for all its sites and identify action points for
 Established systems and procedures are constantly updated for
 improvement to achieve higher standards of safety, occupational health
 and environment protection. The Group launched the Alstom Zero
 Deviation Plan in June 2012 specifically to prevent accidents when our
 employees, contractors and other stakeholders are engaged in high risk
 All major locations of your Company have well equipped health care
 facilities / arrangements. The Company constantly endeavours to create
 an understanding of Environment, Health and Safety strategy among its
 employees and how it fits within the context of the organization and
 how it contributes to achieve your Company''s Goal.
 Corporate Social Responsibility
 At ALSTOM, we believe that Corporate Social Responsibility (CSR) is an
 opportunity and a privilege to serve the community in which we live.
 Alstom supports a wide range of initiatives based in the heart of
 communities. The Alstom Foundation identifies and initiates projects
 that combine economic development, social progress and environmental
 Through Alstom''s collaboration with Husk Power Systems, for its
 groundbreaking Dry Gasifier project of electrifying rural India, we
 have been able to facilitate inclusive rural development on the
 backbone of electric power. The project has made significant strides in
 the past one year since its inception, with the successful creation of
 a self-sustaining ecosystem in the villages of Bihar. The project aims
 at improvement of power plants by retro-fitting dry gasifiers to 65
 small existing biomass plants in the state of Bihar in India. It will
 also provide vocational programmes and training for women through
 manufacture of incense sticks using the ash from these plants. The
 project has not only enabled economic development and physical
 well-being but also helped in strengthening of the rural communities.
 The project aims at improving power plants by converting-retro fitting
 the existing Biomass gasifier to dry gasifiers, thus reducing the
 consumption of water at the plant. One of the aims of this project was
 to provide vocational training to women through manufacture of incense
 sticks.There are now 4 manufacturing units, all of which together
 produce 7-10 tonnes of incense sticks per month, using char (not ash)
 from these power plants.
 I wish to take this opportunity to express my sincere gratitude to the
 members of the Board of Directors for their professionalism and
 dedicated contribution to steer the Company towards excellence. My
 special thanks also go to the management team and staff members for
 their continued contributions and commitment towards the Company. I
 also wish to extend our thanks to our valuable shareholders, customers,
 business associates, investors as well as banking institutions and
 relevant authorities for their continued support, guidance and
 confidence in the Company. In addition, I am particularly thankful for
 the strong support of the ALSTOM Group throughout the year as always.
 I look forward to reporting to you on our successes and progress in
 With warm regards,
 Sunand Sharma
 Chairman & Whole-time Director
 ALSTOM India Limited
 20 June 2013
स्रोत: रेलीगरे टेचनोवा

न्यूज़ फ़्लैश

  • MARKET CUES : FIIs ने कैश में `271 Cr की बिकवाली की
  • MARKET CUES : DIIs ने कैश में `309 Cr की खरीदारी की
  • MARKET CUES : FIIs ने F&O में `58 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स फ्यूचर्स में `299 Cr की बिकवाली की
  • MARKET CUES : इंडेक्स ऑप्शंस में `413 Cr की खरीदारी की
  • MARKET CUES : स्टॉक फ्यूचर्स में `124 Cr की बिकवाली की
  • HSBC ON CASTROL : BUY रेटिंग, लक्ष्य बढ़ाकर `165/Sh
  • MS ON FUTURE RETAIL : Overweight रेटिंग, लक्ष्य घटाकर `540/Sh
  • CREDIT SUISSE ON ITC : Outperform रेटिंग, लक्ष्य `330/Sh
  • MORGAN STANLEY ON GRASIM : Overweight रेटिंग, लक्ष्य `875/Sh

अभी देखें

प्रॉपर्टी गुरु




(August 06, 2018)

AT (Rs)






Super Combo

Powerful mix of both trader and investor packs with timely expert advice.


Designed especially for traders looking to tap the profit opportunities of volatile markets.


For all investors looking to unearth stocks that are poised to move.