Triveni Turbine zooms on getting nod to incorporate wholly owned subsidiary
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Triveni Turbine is currently trading at Rs. 397.70, up by 42.50 points or 11.97% from its previous closing of Rs. 355.20 on the BSE.
The scrip opened at Rs. 379.95 and has touched a high and low of Rs. 402.90 and Rs. 369.95 respectively. So far 296948 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 456.20 on 28-Sep-2023 and a 52 week low of Rs. 261.65 on 06-Feb-2023.
Last one week high and low of the scrip stood at Rs. 402.90 and Rs. 351.20 respectively. The current market cap of the company is Rs. 12610.18 crore.
The promoters holding in the company stood at 55.84%, while Institutions and Non-Institutions held 39.77% and 4.38% respectively.
Triveni Turbine has received an approval for incorporation of ‘Triveni Turbines Americas Inc’ as wholly owned subsidiary company in the State of Texas, USA. Triveni Turbines Americas Inc is to supply Industrial Steam Turbines, supply of Spares, Repairs and Overhauling of Rotating Industrial Machinery.
Triveni Turbine is a leading industrial steam turbine manufacturer, with a dominant market share of over 60% in India.
