French state-controlled nuclear group Areva is strapped for cash and is exiting its transmission and distribution business across the world. It's a 4 billion euro global deal and it is going to electrify the Indian markets.

This means, Areva's Indian arm, Areva T&D, will also get sold as a part of this global trimming exercise. The stock surged on the Bombay Stock Exchange following the news. 

“The group must be able to pursue an ambitious investment program to take advantage of its growth. The plan that has been finalized by the shareholders will completely enable it to do so," said Jean Cyril Spinetta, chairman of Areva.

Whatever the outcome of this process, Areva T&D India's focus remains unchanged: ensuring the satisfaction of its stakeholders and delivering on its commitments. 

Global transmission giants like Siemens, Alstom, Mitsubishi and Schindler are lining for Areva's assets on the block including India where its only present in the T&D.  

All this action show up on the stocks of Siemens in India which rose 3 per cent and ABB, another potential bidder.

"We are in talks with Areva T&D, our CFO said in press conference and he didn't say it just like that," said Udo Niehage, CEO of power transmission division at Siemens (Global).

Areva is a $2 billion company in India with operations in Gujarat. Currently, it holds 72 per cent and the remaining 28 per cent are with public and other institutions.

This is a big deal for global power sector and companies like Siemens, ABB or Alstom won’t let an opportunity pass.

All the players are neck to neck when to comes to market share, so whoever bags this deal will emerge as a clear cut leader in this competitive T&D space.