T D Power Systems jumped 5.99% to Rs 408.90 after the company announced that it has bagged two large orders from two major international gas engine original equipment manufacturers, with a combined value of Rs 142 crore.
The contracts are for supplying gas engine generators.
These orders reflect a high increase in demand from the gas engine segment of the companys business with end use for application in grid stabilization units, base load power and data centres, the company said in a statement.
T D Power stated that all the generators are for the export markets and will be partly delivered during this financial year and partly delivered next year. The company expects further orders in this segment over the next few quarters.
These orders reflect the companys strengthening position in the international markets and higher acceptance of its products for critical applications.
TD Power Systems is engaged in manufacturing AC Generators and Electric Motors for various applications which are specifically designed and tailor-made to suit the needs of the customers based on their requirements and specifications.
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The company's consolidated net profit rose 32.65% to Rs 35.35 crore on a 24.28% increase in sales to Rs 273.78 crore in Q1 FY25 over Q1 FY24.
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