Bullish on the prospects of the domestic power sector, power transmission solution provider Alstom T&D India is likely to increase its annual investments in the coming years from the existing level of Rs 70 crore.

A player in the country’s fast-growing power sector, Alstom T&D India currently has an order book of more than Rs 5,000 crore.

Without disclosing specific details, Alstom T&D India Country President and Managing Director Mr Rathin Basu said the company expects a large contract, which would trigger a big investment.

“We would invest as we go along. We might invest very soon depending on the success of a project... on a regular basis, Rs 60-70 crore investments (are made by us) per year.

“(The investments) would be scale up due to this large contract if it happens,” Mr Basu told PTI in an interview.

Alstom T&D India is part of Alstom Grid, a global player in electrical grids.

According to him, India operations account for over 13 per cent of overall revenues garnered by Alstom Grid’s global operations.

“India is no 1 for them (Alstom Grid) and we are maintaining that for the last four years. We contribute over 13 per cent of order and sales... It should go up,” he said.

Apart from India business, other major contributors are the operations in France, the US, Germany and China.

Alstom T&D India has eight manufacturing facilities.

Regarding future plans, Mr Basu said capacities at some of the existing plants would be expanded in the coming years.

Underlining that India provides more business opportunities than many other nations, Mr Basu said the company would be much more focused on the domestic market.

Mr Basu pointed out that in recent years, many states have come forward to upgrade their power transmission systems.

“We have got business from them (states). Tomorrow, to drive states’ economy we need electricity reforms... we are an active player and are not in wait and watch mode,” he said.

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