News from various sources:

MyIris

Areva T&D India, the Indian subsidiary of Alstom SA of France, in attempt to expand its India operations, is planning to invest about 60 million Euro over the next three years, to modernise its production sites and build new plants, reports Business Line.

The company, is in preliminary talks with Indian firms to set up nuclear power projects in India.

Areva T&D, is aiming at 25% growth annually over the next five years looking at India`s need for electrification to sustain its economic growth.

The company`s, laid down a three year plan, and aspires to double its growth by 2009, at a point when India is estimated to be contributing 13% to 14% of the global sales for the company.

The company, is undertaking the expansion of its manufacturing facilities so as to meet the requirnment of both the Indian markets as well as for exports, especially to West Asia.

NDTV
It was a new day at Areva T&D, which is now aiming to change India's power hungry sector into an aggressive business opportunity.

The company is growing its order book at 40 per cent a year and making three times more money from India than European markets.

Now with the transmission and distribution infrastructure market in India growing rapidly, India is rising in importance for Areva's global strategy.

Besides, Areva worldwide is looking to make the subcontinent a hub for its supplies to Middle East, China and other countries.

A new plant in Vadodara in Gujarat is set to change Areva's outlook about India. A target of euros 5 billion in revenues for India and a string of acquisitions.

The Chairman Philiipe Guillamot is not ruling out a combination of organic and external growth for his company.

With an additional investment of euros 60 million and two more plants, Areva's next mission is to find a partner for its nuclear power projects its global forte.

The company is growing its order book at 40 per cent a year and making three times more money from India than European markets.

Now with the transmission and distribution infrastructure market in India growing rapidly, India is rising in importance for Areva's global strategy.

Besides, Areva worldwide is looking to make the subcontinent a hub for its supplies to Middle East, China and other countries.

A new plant in Vadodara in Gujarat is set to change Areva's outlook about India. A target of euros 5 billion in revenues for India and a string of acquisitions.

The Chairman Philiipe Guillamot is not ruling out a combination of organic and external growth for his company.

With an additional investment of euros 60 million and two more plants, Areva's next mission is to find a partner for its nuclear power projects its global forte.