TD Power Systems soars on bagging two large orders with combined value of Rs 142 crore
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TD Power Systems is currently trading at Rs. 407.00, up by 21.20 points or 5.50% from its previous closing of Rs. 385.80 on the BSE.
The scrip opened at Rs. 390.00 and has touched a high and low of Rs. 409.70 and Rs. 385.00 respectively. So far 57748 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 450.00 on 27-Aug-2024 and a 52 week low of Rs. 225.20 on 25-Oct-2023.
Last one week high and low of the scrip stood at Rs. 409.70 and Rs. 382.00 respectively. The current market cap of the company is Rs. 6299.67 crore.
The promoters holding in the company stood at 34.27%, while Institutions and Non-Institutions held 45.88% and 19.86% respectively.
TD Power Systems has bagged two large orders from two major international gas engine Original Equipment Manufacturers, with a combined value of Rs 142 crore for the supply of gas engine generators. These orders reflect a high increase in demand from the gas engine segment of the company’s business with end use for application in grid stabilization units, base load power and data centres.
All the generators are for the export markets and will be partly delivered during this financial year and partly delivered next year. The company expects further orders in this segment over the next few quarters. These orders reflect the company’s strengthening position in the international markets and higher acceptance of its products for critical applications.
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.
