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Business Standard
Dec 4
Comment
Alstom - Bharat Forge to set up a Rs 2400 crore equipment manufacturing facility over 120 acres with capacity to manufacture 5000 MW high efficiency power generation equipments per annum at Mundra SEZ of Mundra Port and Special Economic Zone Ltd...
Business Standard
Dec 1
Comment
The share prices of power transmission and distribution company Areva T&D rose 2.8 per cent on the Bombay Stock Exchange today in anticipation of a possible open offer. A combine of Alstom and Schneider Electric have bought the entire stake in it...
Reuters
Dec 1
Comment
Schneider Electric has
the financial means to fund its part of the purchase of Areva's
T&D without a capital increase and expects the deal to close in
spring 2010, a source close to Alstom-Schneider said on Tuesday.
Reuters
Dec 1
Comment
Alstom does not plan a capital
increase to fund its part of the 4.09 billion-euro acquisition
of Areva's electricity transmission and distribution unit,
according to a source close to Alstom-Schneider.
Financial Times
Dec 1
Comment
European shares surged ahead on Tuesday as concerns of a Dubai fall-out quietened
Bloomberg
Dec 1
Comment
Alstom SA said it has undertaken
‘strong commitments’ with Schneider Electric SA regarding
employees at Areva SA’s power-grid subsidiary as it confirmed
the two companies are in exclusive talks to buy the unit.
Wall Street Journal
Nov 30
Comment
Areva picked a consortium of Alstom and Schneider Electric to acquire its power transmission and distribution business.
Financial Times
Nov 30
Comment
People close to disappointed bidders GE and Toshiba said they were “very, very angry”, while Toshiba is considering a legal challenge
Wall Street Journal
Nov 26
Comment
Nuclear engineering company Areva, 93%-owned by the French state, looks set to sell its transmission and distribution business to Alstom and Schneider Electric despite their inferior offer.
Commodity Online
Nov 24
Comment
Alstom has signed a contract worth over and euro 100 million with South African utility Eskom to provide the instrumentation and control system for the world s largest coal fired power plant Medupi in South Africa.
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more ▼WIKI ANALYSIS
WIKI ANALYSISTOP CONTRIBUTORS
French multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2007-'08
- Alstom had annual sales of over €16.9 billion, and
- employed more than 76,000 people in 70 countries.
- Global 500 (2008) rank : 338
- Alstom's headquarters are located in Levallois-Perret, near Paris.
- CEO: Patrick Kron
- Activities on official website: http://www.alstom.com/home/activities
Financial year 2007-2008
In financial year 2007/08, Alstom's Power Systems Sector booked:
- a record 38 gas turbines, including 18 GT26.
- a major contract for steam turbines and generators in a coal power plant in South Africa.
- an order for four conventional islands in Chinese nuclear power plants.
- several hydro projects in Brazil, China, Vietnam and Uganda.
Alstom's Power Service Sector signed:
- 10 operation and maintenance contracts (mainly for gas-fired power plants)
- many small and medium sized orders, notably in Europe and USA.
Alstom's Transport Sector achieved orders including:
- a major contract for very high speed trains in France.
- Pendolino high speed trains for the Helsinki - St Petersbourg line.
- metros in New York and several other cities.
- tramways in Dublin and Rotterdam
- regional and suburban trains in Spain, Australia and Germany
- a signalling system in Belgium
- a maintenance contract in the UK.
2009
- source Bloomberg Feb,9
The engineering group and its partners won a 6.8 billion-riyal ($1.8 billion) contract to build a 444- kilometer (276-mile) railway in Saudi Arabia, Saudi Gazette reported. The shares gained 2.28 euros, or 5.3 percent, to 44.64 euros.
- source China Daily, Feb 10
Alstom will continue technology transfer to China and strengthen its presence in the country, which potentially boasts the world's largest market for infrastructure building.Technology transfer has been a key part of Alstom's strategy. It usually forms consortiums with local partners when bidding for projects in overseas markets.
Competitors
- Siemens_AG_(SI)
- Bombardier_(BBD-T)
- Ansaldobreda (company based in Pistoia and Naples, Italy and responsible for designing and manufacturing railway and mass transit vehicles)
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