TD Power Systems jumps on entering into agreements with BRUSH SEM s.r.o
TD Power Systems is currently trading at Rs. 271.45, up by 11.85 points or 4.56% from its previous closing of Rs. 259.60 on the BSE.
The scrip opened at Rs. 266.45 and has touched a high and low of Rs. 273.00 and Rs. 263.00 respectively. So far 10613 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 288.10 on 06-Sep-2023 and a 52 week low of Rs. 95.90 on 22-Nov-2022.
Last one week high and low of the scrip stood at Rs. 273.00 and Rs. 239.00 respectively. The current market cap of the company is Rs. 4226.74 crore.
The promoters holding in the company stood at 34.27%, while Institutions and Non-Institutions held 43.26% and 22.48% respectively.
TD Power Systems (TDPS) and BRUSH SEM s.r.o (Czech Republic) have entered into two agreements on November 8, 2023 in terms of which TDPS will manufacture and supply Generators primarily for the Oil and Gas market based on Baker Hughes BRUSH technology design and TDPS design respectively.
Established in 1879, BRUSH specializes in the manufacture of high performance turbogenerators used in various industries including Power Generation, Oil & Gas, Petrochemical and Marine applications. BRUSH is part of the Industrial & Energy Technology business segment in Baker Hughes, an energy technology company that provides solutions for energy and industrial customers worldwide. This is a prestigious agreement and is expected to bring mutual benefits including an increased presence in the worldwide energy market.
TD Power Systems (TDPS) is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, gas and wind turbines. The company also manufactures special application generators for Geo Thermal and Solar thermal applications.
