Triveni Engineering surges on inking MoU with Rolls-Royce Marine North America
Triveni Engineering & Industries is currently trading at Rs. 391.50, up by 11.45 points or 3.01% from its previous closing of Rs. 380.05 on the BSE.
The scrip opened at Rs. 379.90 and has touched a high and low of Rs. 398.35 and Rs. 376.70 respectively. So far 43642 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 536.00 on 30-Dec-2024 and a 52 week low of Rs. 266.15 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 398.35 and Rs. 364.25 respectively. The current market cap of the company is Rs. 8546.87 crore.
The promoters holding in the company stood at 60.98%, while Institutions and Non-Institutions held 14.88% and 24.14% respectively.
Triveni Engineering & Industries and Rolls-Royce Marine North America Inc have signed a Memorandum of Understanding (MoU) to explore opportunities to collaborate on programmes for 4MW marine gas turbine generators (GTG) for customers in India. This would include several key areas including design, development and manufacturing of the marine GTGs, as well as comprehensive sales and support activities.
Triveni Engineering & Industries is a focused, growing corporation having core competencies in the areas of sugar and engineering.
