It is with great pleasure that I welcome you all to the sixty third Annual General Meeting of your Company [GE T&D India Ltd]. Thank you for your presence here today, and for your continued support which is critical to the success of our company
It gives me immense pleasure and sense of pride in stating that the Company continued its sustained leadership in the industry in an intense competitive market and being an important contributor for Government of India’s “Power for All” initiative. The performance is reflective of the hard work and perseverance of thousands of dedicated employees across the country working relentlessly for your company’s success. Please join me in congratulating the leadership and employees of the Company for delivering a successful financial year once again.
Operational highlights
Your company continued its performance run for another year by keeping the intensity and focus on central as well as state utilities market. The Company has also expanded its footprint in Industrial sector.
During the year, the total order intake by your Company was Rs. 3750 crore, resulting into a healthy order backlog of Rs. 6400 crore. While sales revenue was recorded at Rs. 4219 crore, the Profit after tax was seen rising to Rs. 213 crore compared to profit of Rs. 209 crore declared in the previous year. Your Company has delivered the highest profit over the last decade.
Enabling the transition of India’s energy landscape, the Company commissioned two very critical projects: one with Power Grid Corporation of India Limited (PGCIL) on Unified Real Time Dynamic State Measurement (URTDSM) and another with Power System Operation Corporation (POSOCO) on National Transmission Asset Management Centre (NTAMC).
Your Company commissioned Pole 3 of Phase 2 of Champa 800 kV Ultra High Voltage Direct Current (UHVDC) project, making it the first link in India with capability of transmitting 4500 MW Power through HVDC in parallel operation. Besides, your Company also executed and commissioned large number of turnkey projects for its esteemed customers. Around 60% of the energy flow in India is managed on your Company’s technology.
I am also proud to state that your Company continues to be the preferred choice for T&D equipment of the central and state transmission utilities across the country.
During the year, your Company was chosen by RRVPNL (Rajasthan Rajya Vidyut Prasaran Nigam Limited) for a technology driven grid modernization project which is a part pf the utility’s roadmap to implement Grid Initiatives and augment renewable energy in the state. Your Company has also won a substation order from Power Grid for evacuating 2500 MW of wind power, which will enable various wind farm developers to transmit the power generated in the state to the Green Energy Power Transmission Corridor.
Operational highlights
Your company continued its performance run for another year by keeping the intensity and focus on central as well as state utilities market. The Company has also expanded its footprint in Industrial sector.
During the year, the total order intake by your Company was Rs. 3750 crore, resulting into a healthy order backlog of Rs. 6400 crore. While sales revenue was recorded at Rs. 4219 crore, the Profit after tax was seen rising to Rs. 213 crore compared to profit of Rs. 209 crore declared in the previous year. Your Company has delivered the highest profit over the last decade.
Enabling the transition of India’s energy landscape, the Company commissioned two very critical projects: one with Power Grid Corporation of India Limited (PGCIL) on Unified Real Time Dynamic State Measurement (URTDSM) and another with Power System Operation Corporation (POSOCO) on National Transmission Asset Management Centre (NTAMC).
Your Company commissioned Pole 3 of Phase 2 of Champa 800 kV Ultra High Voltage Direct Current (UHVDC) project, making it the first link in India with capability of transmitting 4500 MW Power through HVDC in parallel operation. Besides, your Company also executed and commissioned large number of turnkey projects for its esteemed customers. Around 60% of the energy flow in India is managed on your Company’s technology.
I am also proud to state that your Company continues to be the preferred choice for T&D equipment of the central and state transmission utilities across the country.
During the year, your Company was chosen by RRVPNL (Rajasthan Rajya Vidyut Prasaran Nigam Limited) for a technology driven grid modernization project which is a part pf the utility’s roadmap to implement Grid Initiatives and augment renewable energy in the state. Your Company has also won a substation order from Power Grid for evacuating 2500 MW of wind power, which will enable various wind farm developers to transmit the power generated in the state to the Green Energy Power Transmission Corridor.