Alstom India gains on Rs 1070 crore contract

MUMBAI: Alstom India shares have gained after the company said it has bagged a contract worth close Rs 1,070 crore for supply of components and services for 2X500 MW Neyveli New Thermal Power Project located at Neyveli in the state of Tamil Nadu.

Under the scope of the contract, Alstom will co-operate with BHEL in conceptualising, designing, engineering and supplying two tower boilers and the complete lignite milling and firing equipment, and critical components.

It will be engineered and manufactured in Alstom's world class facilities in Stuttgart (Germany) as well as in Durgapur and Shahabad (India).

At 09:35 a.m.; the stock was at Rs 371.05, up 1.67 per cent, on the BSE. It touched a high of Rs 376.50 and a low of Rs 367.10 in trade today.