The offer opening date to buy 20%

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The offer opening date to buy 20% additional shares in Areva T&D India has been postponed said the manager to the offer. It will be bought by a consortium of Alstom Holdings and Schneider Electric and others Meanwhile, the acquirers had offered to buy additional 47.82 million shares in Areva T&D India at Rs 295.34 each. The offer is beginning on July 22 and closing on August 10. In the meantime, the entire schedule of offer is delayed till further notice said offer manager BofA Merrill Lynch. Meanwhile, Areva T&D India had bagged a contract worth Rs 400 crore from Uttar Pradesh Power Transmission Corporation in order to build a substation. Areva T&D said that its transmission and distribution division will build a 765 KV extra high voltage substation at Anpara thermal plant in Uttar Pradesh. The project is scheduled to complete by 2011 end. The new substation would result in enhancing the power transfer capacity from eastern UP to western part of the state. Areva T&D India Ltd has posted a net profit from ordinary activity after tax of Rs 680.80 million for the quarter ended December 31, 2009 as compared to Rs 552.40 million for the quarter ended December 31, 2008. Total Income has increased from Rs 9388.40 million for the quarter ended December 31, 2008 to Rs 11599.40 million for the quarter ended December 31, 2009. Moreover, the Company has posted a net profit from ordinary activity after tax of Rs 1920.00 million for the Year ended December 31, 2009 as compared to Rs 2263.20 million for the Year ended December 31, 2008. Total Income has increased from Rs 26554.50 million for the Year ended December 31, 2008 to Rs 35832.60 million for the Year ended December 31, 2009.

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