The announcement was made during trading hours today, 8 February 2010.

Meanwhile, the BSE Sensex was down 51.41 points, or 0.32%, to 15864.24.

On BSE, 91,049 shares were traded in the counter as against an average daily volume of 2.61 lakh shares in the past one quarter.

The stock hit a high of Rs 272.75 and a low of Rs 267.35 so far during the day. The stock had hit a 52-week high of Rs 386 on 12 June 2009 and a 52-week low of Rs 166 on 24 February 2009.

The stock had outperformed the market over the past one month till 6 February 2010, falling just 0.02% compared with the Sensex's 10.09% fall. It underperformed the market in past one quarter, falling 4.31% as against 1.50% decline in the Sensex.

The mid-cap engineering company has an equity capital of Rs 47.82 crore. Face value per share is Rs 2.

The current price of Rs 269.80 discounts the company's Q3 September 2009 annualised EPS of Rs 3.75, by a PE multiple of 71.94.

The orders are for the supply and installation of 765/400 kilovolt (kv) air insulated sub-stations for the Northern Grid-II and Northern Grid-III, the company said in a statement to the Bombay stock Exchange.

The company will also provide 765 kv circuit breakers and substation automation systems as part of the project, it added.

Areva T&D India's net profit fell 57.2% to Rs 22.40 crore on a 26.1% increase in sales to Rs 739.68 crore in Q3 September 2009 over Q3 September 2008.

Areva T&D India manufactures a range of power transmission and distribution equipment. The company operates through approximately six divisions: Low voltage equipment, measurement and control, switchgear, projects and construction, rotating machines, and transformers.