TD Power said the five-year contract for traction motors was signed with an Indian entity of a major international company. "The initial order worth Rs 18 crore has been received by the Company for scheduled delivery in April 2025."
The offer price for stake sale is set at Rs 214 per share, the sources added. The price is at 4 percent discount to the company's Wednesday close.
The record date will be decided post ensuing Annual General Meeting (AGM) and intimated to the stock exchanges, the company further said
Ashwani Gujral of ashwanigujral.com suggests buying ITC, Can Fin Homes and Bank of Baroda and feels that one can avoid TD Power.
In the special Monday series, ‘Midcap Mania’, CNBC-TV18’s Nigel D’Souza talks about TD Power, a stock that has been an underperformer since 2011
Spooked by weak global cues, FIIs pressed the sell button this week while domestic investors, betting on an improving economy, bought heavily
Wockhardt | Aptech | Engineers India | TD Power | Lakshmi Machine | eClerx Services | Prime Focus | Dhanlakshmi Bank | Reliance Power | Crompton Greaves | Karur Vysya Bank | Unitech | Jindal Steel and HDIL are stocks, which are in the news today.
TD Power bagged an EPC contract worth Rs 150 crore to set up a 27 megawatt captive power plant in Chhatisgarh.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com talks to investors about two of his multibagger picks - IL&FS Engineering and Hindustan Dorr Oliver.
US president Barack Obama will deliver his speech on job creation later today.
TD Power (TDP) is a manufacturer of motors and AC generators with capacities ranging from 1 – 52 MW. The company is planning to raise around Rs 227 crore via IPO.