Areva T&D India Ltd. has capex plans of Rs. 500 crore for FY09 and Rs. 200 crore for FY10. The company is aiming to increase its presence in the rapidly expanding electricity T&D sector from current 15% to 35% in the next 3 years.
According to the CFO Karim Vissandjee, the company is bullish on the UMPPs and transmission projects, and is deploying more personnel from its offices in Europe and China. It is also setting up an engineering hub in India, and will increase the R&D headcount from current 80 engineers to 400 by 2012. The company is watchful of the political developments in the nuclear energy space in India.
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