Edelweiss' research report on Triveni TurbineTTL came in to existence in October 2010 when Triveni Engineers Industries demerged its steam turbines business into TTL. The turbines business was started in 1970. The company is primarily in the manufacture and sale of customised 0‐30MW steam turbines for clients across the captive market. It also manufactures and supplies spare parts of its steam turbines as well as provides aftermarket services to clients to complement its product portfolio. These aftermarket services include spare parts sales, refurbishment solutions, contractual services and various others operations and maintenance solutions. TTL entered into a JV (its share: 50%+1) with GE in April 2010 to undertake the manufacture and marketing of steam turbines in the 30‐100MW range.We believe the company’s strong product advantage in small turbines, further bolstered by GE’s branding in the international market, significantly brightens growth prospects over next 2‐3 years. Maintain ‘BUY’ with TP of INR125.For all recommendations, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
