TD Power Systems in jubilant mood inking long term license pact with Siemens AG

09 Apr 2012 Evaluate

TD Power Systems is currently trading at Rs. 286.00, up by 28.00 points or 10.85% from its previous closing of Rs. 258.00 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 307.00 and Rs. 260.00 respectively. So far 15496 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 321.00 on 14-Sep-2011 and a 52 week low of Rs. 207.45 on 02-Dec-2011.

Last one week high and low of the scrip stood at Rs. 307.00 and Rs. 245.05 respectively. The current market cap of the company is Rs. 864.18 crore.

The promoters holding in the company stood at 65.59% while Institutions and Non-Institutions held 19.44% and 14.97% respectively.

TD Power Systems (TDPS) has signed a long term license agreement with Siemens AG. Under this agreement, TDPS will receive from Siemens, the know-how for manufacture of industrial, air-cooled, 2-pole AC generators in the range of 74 MVA in India.

The new line of generator will be manufactured from the company’s facilities located at Dabaspet Industrial Area on the outskirts of Bangalore, which are proposed to be enhanced to meet the standards and requirements for manufacture of advanced generators. The company expects commercial production to commence within a period of 24 months.

TD Power Systems is one of the leading manufacturers of AC Generators with output capacity in the range of 1 MW to 52 MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. It focuses on manufacturing custom-designed generators for its customers who are based across the world.

TD Power Systems Share Price

419.40 -1.65 (-0.39%)
25-Mar-2025 16:59 View Price Chart
Peers
Company Name CMP
Siemens 5119.15
Havells India 1477.05
Apar Inds 5916.10
Waaree Energies 2440.00
ABB India 5410.05
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