The shares of Areva T&D India fell 21.53 per cent to Rs. 154.70 at on the Bombay Stock Exchange after the news about the news about separation of its transmission and distribution businesses.

The board has decided to implement the de-merger from 14 December 2011. The fall in shares came as BSE Sensex rose 66.44 points, or 0.42%, to 16,068.95. the company saw a volume of 3.99 lakh shares on the BSE compared to the average an average daily volume of 76,076 shares in the last quarter.

Chennai, Aug 6:Power transmission and distribution equipment company Areva T&D India Ltd said it is looking to complete its restructuring operations by early next year and is betting big on high capacity transformers for future growth.

"As per current estimates, the restructuring of our operations will be completed by early next year," the firm's managing director Rathindra Nath Basu told IANS.

The company is in the process of demerging its distribution business (medium voltage systems, equipment and related automation) into a wholly-owned subsidiary Smartgrid Automation Distribution and Switchgear Ltd.

Stock market analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Areva T&D Ltd stock with a target of Rs 320.

According to analyst, the stock can be purchased with a stop loss of Rs 293.

Mr. Parsh also said that the said target can be achieved with in 4-5 trading sessions.

Today, the stock of the company opened at Rs 303.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 331.45 and a low of Rs 235.10 on BSE.

Current EPS & P/E ratio stood at 6.77 and 44.26 respectively.

The financial result of Areva T&D have nose-dived during the first quarter of this fiscal year. The net profit of the power transformer maker went down by as much as 93 per cent during the period.

The profit of the company ended at Rs. 3.47 crore. And its sales were Rs. 776.84 crore for the same quarter. This means that it went down by more than 93 per cent over the same period in the last year.

The Indian subsidiary of French energy giant Areva has bagged a deal from Larsen and Toubro to offer solutions at the 1,200 MW power facility at Malwa in Madhya Pradesh.

The order, which is valued at Rs 120 crore, is for supply of equipment comprising a substation, power transformers and low voltage switchboards.

The Malwa fcaility is planned for commissioning in September next year and will produce about 28.8 million units of electricity on a daily basis.

The project is being funded by the state administration and the Power Finance Corporation.

Areva T&D India, the Indian subsidiary of AREVA France SA, has secured a contract worth Rs 50 crore from Herve Pomerleau International -Consolidated Construction Consortium joint venture for modernization of Chennai Airport.

The contract is for a Power Supply System package to develop the Kamraj Domestic Terminal, Phase-II, expansion of the existing Anna International Terminal and face-lifting of existing terminals at Chennai Airport.

The latest order is considered as one of the biggest recent electrical contracts for the Airport Infra-structure segment, to be awarded in the Indian Power Distribution industry.

In its latest research report, Nirmal Bang, an equity research firm said that Areva T&D, which has been consolidating between Rs 295-320 level, can give good returns in the short term.

The report further stated that, if the counter is successful to breach Rs 310 levels, then it will hit a target of Rs 375.

Nirmal Bang has advised investors to hold the stock of the company as it is showing signs of revival, which gives an evidence of a strong breakout.

The stock has strong support at Rs 298.

Areva Transmission and Distribution (Areva T&D), a leading worldwide specialist in Transmission & Distribution has announced that it has won prestigious order worth Rs 760 million.

The order has been placed by Haryana Vidyut Prasaran Nigam (HVPNL).

The scope of work under the order includes turnkey design and construction of a 400 kV air insulated substation at Nawada, near Faridabad.

In addition, the order also entails supply of 2*315 MVA power transformers, high voltage circuit breakers, instrument transformers and other T&D products.

Areva, the French nuclear reactor group, has said that it would sell its T&D India business with proposed sale of its power transmission and distribution division. However, its Indian arm - Areva T&D India, 72-percent owned by T&D, will continue with its planned market strategies. Areva Chief Executive Anne Lauvergeon said that the entire sale process is likely to complete by the end of this financial year.

Areva T&D India has received prestigious orders from Jindal Steel & Power Limited (JSPL) for 400/220 kV substation and power transformers, for their Green Field Integrated Steel Project at Angul (Orissa).

The Power Transformers orders is for design, manufacturing, supply at site, erection, testing & commissioning of 2x315 MVA, 400/200kV interconnecting Transformers and
6x120 MVA, 220/34.5 kV Power Transformers.