TD Power Systems has signed a licence agreement with Siemens AG for 20 years to receive know-how in respect of advanced generators in the range of 74 MVA to 250 MVA, which it will manufacture in India. TD Power Systems has made this announcement in a release to the Bombay Stock Exchange (BSE)
A separate supply frame agreement has also been signed where certain critical components like rotors, casings, bearings, bearing blocks will be supplied Siemens upon request by the company, the filing said.
The new line of generators will be manufactured from the company's manufacturing facilities in Bangalore, which are proposed to be enhanced to meet standards and requirements for manufacture of such advanced generators.
According to the release, the company expects commercial production to commence within a period of 24 months.
Shares of TD Power Systems were trading at Rs 293 apiece on the BSE, up 13.57% from previous day's close.
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