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Triveni Turbine Ltd.

BSE: 533655 Sector: Engineering
NSE: TRITURBINE ISIN Code: INE152M01016
BSE 00:00 | 02 Jun 65.95 -0.85
(-1.27%)
OPEN

65.25

HIGH

68.05

LOW

64.00

NSE 00:00 | 02 Jun 65.75 -1.20
(-1.79%)
OPEN

68.70

HIGH

68.70

LOW

61.00

OPEN 65.25
PREVIOUS CLOSE 66.80
VOLUME 1940
52-Week high 115.00
52-Week low 45.90
P/E 17.26
Mkt Cap.(Rs cr) 2,132
Buy Price 64.00
Buy Qty 70.00
Sell Price 68.40
Sell Qty 112.00
OPEN 65.25
CLOSE 66.80
VOLUME 1940
52-Week high 115.00
52-Week low 45.90
P/E 17.26
Mkt Cap.(Rs cr) 2,132
Buy Price 64.00
Buy Qty 70.00
Sell Price 68.40
Sell Qty 112.00

Triveni Turbine Ltd. (TRITURBINE) - Company History

Triveni Turbine Limited (TTL) was incorporated in June 27th 1995. The Company is primarily engaged in business of manufacture and supply of power generating equipment and solutions and has manufacturing facilities at Bengaluru Karnataka. Triveni SRI Limited is a subsidiary company of Triveni Engineering & Industries Limited and has been dealing with machinery for sugar manufacture. The year 2002-03 was significant to the company as it successfully executed the first short retention type clarifier based on SRI technology in Indian Market.In FY 2014 GE Triveni Limited (GETL) a joint venture received an order for a 45 MW turbine from a cement manufacturer and a 31 MW order from a sugar manufacturer. These orders have enabled GETL to break into two new sectors in the domestic market. During FY2013-2014 the Company redeemed 2800000 8% Cumulative Redeemable Preference Share for Rs 10 each on May 31 2013.During the year 2015 the Company set up international structures to give a boost to the international marketing of its products and services. Accordingly it has incorporated an international subsidiary namely Triveni Turbines Europe Pvt. Ltd. (TTE) domiciled in the UK on December 23 2014. Subsequently TTE acquired 100% equity interest in Triveni Turbines DMCC (TTD) domiciled in Dubai UAE effective March 31 2015.During the year 2017 the Company successfully commissioned the second production facility at Sompura Industrial Area near Bengaluru with an area almost double of the current facility. Phase 1 of the new facility has been completed within the scheduled time and production has started successfully. During FY 18 the Company undertook some turnkey aftermarket projects from the international market and also refurbishments for other makes of turbines which should provide referrals for future. During the year 2018 the Dubai subsidiary has set up a new subsidiary in South Africa.