Areva T&D India -major beneficiary of the Indo-US nuclear deal.

Areva T&D jumped 4.62% to Rs 1485.10 on BSE on optimism that the Indo-US nuclear deal is on track after the Prime Minister left today to Japan where he may discuss the progress of the Indo-US nuclear deal with the US President George Bush.

The stock hit a high of Rs 1541 and a low of Rs 1450.10 so far during the day. The stock had a 52-week high of Rs 3280 on 13 November 2007 and a 52-week low of Rs 1199 on 1 July 2008.

The company’s current equity is Rs 47.82 crore. Face value per share is Rs 10.

The current price of Rs 1485.10 discounts its Q1 March 2008 annualised EPS of Rs 45.27 by a

PE multiple of 32.80.

With the Samajwadi Party extending its willingness to back the UPA led Congress government on the Indo-US nuclear deal, Dr Manmohan Singh may convey an unambiguous message about India's intention to go ahead with the nuclear deal.

The nuclear deal will give India access to US nuclear fuel and technology without joining the 1970 Nuclear Non-Proliferation Treaty. It is potentially worth billions of dollars to US and European nuclear supplier companies and would give India more energy alternatives to drive its booming economy.

Areva T&D India is seen as a major beneficiary of the Indo-US nuclear deal. The stock surged 15.10% last week to Rs 1419.50 on 4 July 2008 from Rs 1233.40 on 27 June 2008. French giant Areva which holds 72.18% stake in Areva T&D (as at end march 2008), is best known for its nuclear power plant and transmission interests. It is the only company in the world that has interests in every industry linked to nuclear power - from mining uranium to dismantling old nuclear power plants.

On 9 April 2008, Areva T&D India secured an order worth Rs 418 crore from Essar Constructions to provide equipments for power project in Gujarat and Madhya Pradesh.

Areva T&D India’s net profit rose 42.70% to Rs 54.10 crore on 22.50% growth in net sales to Rs 502.90 crore in Q1 March 2008 over Q1 March 2007.

The company's products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows.