GE POWER INDIA LTD. (GEPIL)
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GE Power India Share Price Alstom Projects India Limited (APIL) is a majority owned subsidiary company of Alstom SA France the global leader in power generation and rail infrastructure and a multinational company that nurtures a long-term commitment to India. APIL was incorporated in September 2nd of the year 1992, it offers a composite range of services related to power generation for utilities and industrial users, transportation systems covering traction, signalling and train control for the railways and energy management for a variety of industries including hydro, gas and coal. NTPC - ALSTOM Power Services Limited (NASL) is a 50:50 Joint Venture of Alstom and State owned National Power Thermal Corporation, established in 1999 to undertake renovation, modernization, retrofit and refurbishment of old and ageing power plants. The Joint Venture has proved its credentials by successfully commissioning a 110 MW plant in Torrent AEC, after retrofit and upgrade and are presently executing R&M in Bathinda and Tanda. The company was changed its name from ABB Alstom Power India Ltd to Alstom Power India Ltd in the year of 2000. In the year 2002, the company has changed its name to the present one Alstom Projects India Limited. During the year 2003, the company has bagged orders worth Rs.98crs for the supply of steam turbines to Indian Aluminium for its
Hirakud unit and the Lanco group, also in the same year APIL awarded a 430 M*NR contract by JSW Power Private Ltd group company of Jindal group for delivery of 100 MW Corex/Blast furnace gas fired boiler plant. Alstom's BODs approved the sale of industrial turbine business of the company in 2003. APIL had wins Rs. 5,000 million contract to build a power plant in Andhra Pradesh during the period of 2004, also in the same year, the company awarded a contract for modernisation of 2 X 68 MW boilers by Renusagar Power Division of Hindalco Industries Ltd worth of 700 million and received an order valued at around Rs 10000 million (about 180 million Euros) to build a 469 MW combined cycle power plant for Gautami Power Ltd at Peddapuram, East Godavari District in the state of Andhra Pradesh. The partnership deal was made with BHEL during the year 2005, broadens the scope of cooperation between the two companies on coal-fired boilers. A major objective of this partnership comprises win the business in India's supercritical programme, aimed at helping India to efficiently fulfill its power generation requirements. Also this partnership entails a technical assistance agreement (license) for product design, as well as an agreement defining the industrial scope of each of the partners for future
boiler contracts. The Company also teamed up with Infosys in the same year of 2005, a global consulting and IT services firm, to set up an R&D centre at the Infosys campus in Bangalore. The R&D centre, which was created on the strength of a multi-year relationship between ALSTOM and Infosys, represents an investment in excess of Euro 30 million. In 2006,