Triveni Turbine shares gain over 6.5% with Rs 290-crore order win from NTPC

Triveni Turbines shares trade over 3% with major order win from NTPC

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26 Aug, 2025 12:21

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Triveni Turbine Limited shares gained 3 percent on January 29 following an order win from NTPC, valued at Rs 290 crore.

The shares of Triveni Turbine Ltd closed at Rs 632.65, up 6.65 percent on NSE.

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In the exchange filing issued on January 29, the company said the order from National Thermal Power Corporation (NTPC) was worth Rs 290 crore. The order entails installation of a Co2-based standalone Energy Storage System (ESS) with a capacity of 160 MWh, at NTPC Kudgi STPP (Super Thermal Power Plant) in Karnataka.

This will be executed on a turn-key basis and will involve technology partner, Energy Dome with Triveni Turbine. The time period for the completion is given as 18 months.

As mentioned in the exchange filing, Dhruv M Sawhney, chairman & managing director, said, "This is a landmark order from NTPC aiming to accelerate India's energy transition efforts by making renewable energy (RE) dispatchable. Our long-term partnership with Energy Dome, aims to deliver sustainable alternative green storage of energy also aligns well with our energy transition solutions."

In the same filing, NTPC CMD Gurdeep Singh also spoke on the order win, "Demonstration of new technology shall open new vistas in the field of electrical energy storage with several advantages like long lifetime of 25 years, no need of critical minerals like lithium, cobalt, topography agnostic and minimal performance degradation - unlike (in) Battery Energy Storage System (BESS)."

Triveni Turbine Ltd shares have recorded loss of over 16 percent in the last one month.

As reported in its last result for Q2FY25, there was a 42 percent year-on-year increase in profit after tax (PAT) and a 25 percent rise in order bookings. The company posted revenue of Rs 50,110 crore, a 29.22 percent rise compared to Q2 FY24. EBITDA for the quarter was Rs 13,100 crore, showing a 47 percent rise from the previous year

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