GE T&D India Limited announces Second Quarter 2016/17 results

New Delhi, India Nov 11, 2016 GE T&D India Limited, formerly ALSTOM T&D India Limited,
reported on November 10, 2016 its financial results for the second quarter ended September 2016,
following approval by the companys Board of Directors.
The company continues to maintain a healthy backlog of 82.7 BINR by winning 12.5 BINR orders
during the quarter, which increased by 66% as compared to the second quarter 2015/16. Sales
revenue was 8.8 BINR, down by 4% versus the same period last year and Profit After Tax was 0.2
BINR.
The company won a number of major orders during the quarter from central, state utilities and
private developers. Notable among them are the contracts from Sterlite Grid for 400 kV GIS
substations and 765 kV AIS substations from Powergrid. It also secured 400 kV series reactor
package at Ballabhgarh and Mandola from Powergrid. The company continues to maintain its
market leadership position.
The company also achieved a significant milestone with the commencement of Indias first Make in
India 765 kV GIS dedicated manufacturing line at Chennai. The dedicated line will cater to the
growing demand of 765kV GIS in India and abroad. The company has installed 755 GIS Bays, the
largest in India. Since inception of its Chennai facility in 2009, it has produced over 450 GIS Bays till
date - highest number in India by any GIS manufacturer. It also successfully commissioned 765 kV
AIS substations at Phagi and Bhiwani for Power Grid and 132 kV GIS at Rawanbhata for CSPTCL.
Rathin Basu, Managing Director of GE T&D India, said, Despite a challenging quarter given the
investment environment, we achieved a strong order booking to add to our healthy backlog and are
focused on driving execution and commissioning. Adding to our Make in India initiative we achieved
another major milestone of manufacturing the first 765kV GIS Breaker at our Paddapai facility.
About GE
GE (NYSE: GE) is the worlds Digital Industrial Company, transforming industry with software-defined
machines and solutions that are connected, responsive and predictive. GE is organized around a
global exchange of knowledge, the "GE Store," through which each business shares and accesses the
same technology, markets, structure and intellect. Each invention further fuels innovation and
application across our industrial sectors. With people, services, technology and scale, GE delivers
better outcomes for customers by speaking the language of industry. www.ge.com
For more information, contact:
Tarun Nagrani, Shreyosi Sen
Media Relations GE South Asia
Tarun.nagrani@ge.com; shreyosi.sen@ge.com