TD Power Systems files DRHP for Rs 250 cr IPO

AC generators manufacturer TD Power Systems has filed draft red herring prospectus with the market regulator SEBI for its Rs 250 crore public issue.

It 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.

Company also executes turbine generator (TG) island projects for steam turbine power plants with output capacity up to 52 MW using a Japanese turbine combined with its generator.

TD Power Systems intends to use issue proceeds for the expansion of manufacturing plant in Dabaspet; construction of a project office in Bangalore city; repaying debt and working capital requirements.

Its subsidiary, DF Power Systems Private Limited, is in the business of engineering, procurement and construction (EPC), executing boiler-turbine generator (BTG) island projects and the balance of plant (BOP) portion for steam turbine power plants with output capacity from 52 MW up to 150 MW.