The Indian subsidiary of French energy giant Areva has bagged a deal from Larsen and Toubro to offer solutions at the 1,200 MW power facility at Malwa in Madhya Pradesh.

The order, which is valued at Rs 120 crore, is for supply of equipment comprising a substation, power transformers and low voltage switchboards.

The Malwa fcaility is planned for commissioning in September next year and will produce about 28.8 million units of electricity on a daily basis.

The project is being funded by the state administration and the Power Finance Corporation.

For the three month period ended December 31, 2009, Areva T&D posted a 23% increase in its net profit, which stood at Rs 68.08 crore.

Supported by better sales, the company's net sales surged to Rs 1,159.94 crore in the forth quarter as against Rs 938.84 crore in the same period of 2009.

For the financial ended December 31, the Indian division of French nuclear group Areva SA's net profit dropped 15.16% to Rs 192 crore.

Total income for the year increased to Rs 3,583.26 crore during the fiscal ended December 2009. (With Input from Agencies)