TD Power Systems moves up on bagging order worth Rs 57 crore from Nuclear Power Corporation of India
TD Power Systems is currently trading at Rs. 402.50, up by 0.90 points or 0.22% from its previous closing of Rs. 401.60 on the BSE.
The scrip opened at Rs. 409.50 and has touched a high and low of Rs. 416.60 and Rs. 398.30 respectively. So far 22230 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 482.60 on 26-Dec-2024 and a 52 week low of Rs. 256.75 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 421.50 and Rs. 381.25 respectively. The current market cap of the company is Rs. 6304.35 crore.
The promoters holding in the company stood at 34.27%, while Institutions and Non-Institutions held 44.70% and 21.03% respectively.
TD Power Systems has received order from Nuclear Power Corporation of India (NPCIL) valued at Rs 57 crore (inclusive of GST of Rs 9 crore) for the supply of Induction motors. These unique low-speed motors will replace existing high-speed imported motors with reduction gearboxes.
The motors are designed to meet specific weight constraints, seismic requirements, fitted with titanium tube heat exchangers and will be customized to fit the existing base frame and coupling requirement. The motors will be supplied to NPCIL’s Kudankulam plant with delivery, erection and commissioning scheduled during FY 2025-26 and 2026-27.
This order further underscores the company’s technology prowess and commitment to manufacturing and delivering motors in service of the nation under the Make in India initiative.
TD Power Systems 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.
