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Areva T&D India formalizes name change

EM NEWS BUREAU ,  Thursday, March 15, 2012, 12:18 Hrs  [IST]

Areva T&D India Ltd announced the change of its legal entity name to Alstom T&D India Ltd with effect from January 31, 2012. This follows the global acquisition of the Areva T&D's transmission business by Alstom in June 2010 and the demerger of the distribution business. The high-voltage transmission, power electronics and automation business operations are under the control of Alstom.

Present in India for over 100 years, Alstom T&D India is the market leader in India since 2008, with significant achievements in the Extra High Voltage 765kV technology, GIS, turnkey solutions and in automation. Over the last three years, it built world class factories to upgrade local manufacturing to 1,200kV technology and expanded production capacities for all its products. During the last five years the company grew threefold in its business volume. With 3,750 employees and highest-ever backlog of orders reaching over €660 million, Alstom T&D India is well positioned to participate in the growth of India's electrical grid.

Announcing the name change, Rathin Basu, Managing Director, Alstom T&D India Ltd stated, "We are delighted to return to our previous name-Alstom-as we were known until September 2005. We thank our customers, employees, partners and all stake holders for their unwavering support and commitment during the ownership transition phase. Alstom brings in top class global branding with wide offerings infrastructure that India needs to run the economy at +9% GDP".
 
                 
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