T D Power Systems gains on order for generators from European MNC

The order from a large multinational company in Europe is for the supply of generators

Shares of T D Power Systems were up nearly 3% at Rs 296 on the Bombay Stock Exchange after the company announced that it has received an order from a large multinational company in Europe.

The order is for the supply of multiple units of 10MW generators to be installed in a single power plant inside Germany. The total installed capacity will be 200MW, the company said in a release.

The supply of generators will start from July 2016 and completed by November 2016, the release added.

The stock opened at Rs 294 and touched a high of Rs 299. At 1:05PM, over 11,700 shares were traded on both the stock exchanges.