Areva T&D

Alstom and Schneider to Purchase 20% Stake in Areva T&D

Alstom and Schneider to Purchase 20% Stake in Areva T&D

An association of Alstom Holdings and Schneider Electric and Areva T&D Holding SA has indicated to buy a 20% stake in Areva T&D India. This move will raise the shares on the Indian stock market by 9% on Friday.

The offer was forwarded when Areva SA expressed its agreement over the sale of its equity in Areva T&D Holding SA, its global electric transmission and distribution business, to the association of the three companies.

The deal amount has been decided to be 2.29 billion Euros.

Areva T&D wins order worth Euro 8 million

AREVA Transmission and Distribution (T&D) India has announced that it has bagged a prestigious order worth about Euro 8 million.

Herve Pomerleau International - Consolidated Construction Consortium has placed the order for the modernization of Chennai airport.

AREVA's scope of work under the contract comprises design, manufacture, supply as well as set up of 110 kV gas-insulated substation (GIS) and the power distribution system at 11 kV, which will be on stream in January 2011.

Areva Awarded 35 Million Euros Contract From SAIL

Areva Transmission and Distribution said that it has won an over 35 million euros (Rs 221 crore) contract from Bhilai Steel Plant, a unit of Steel Authority of India Ltd.

Accordingly, Areva will provide the transmission and distribution services to the steel plant. The power company will also supply substations to the steel plant and revamp its existing substations.