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Triveni Engineering & Industries Ltd on Thursday said it has signed an initial pact with Rolls-Royce Marine North America Inc to explore opportunities in 4MW marine gas turbine generators. In a regulatory filing, Triveni Engineering & Industries said it has signed a Memorandum of Understanding (MoU) with Rolls-Royce Marine North America Inc to "explore opportunities to collaborate on programmes for 4 MW marine gas turbine generators (GTG) for customers in India." "Rolls-Royce has a proven track record of powering some of the world's most advanced naval platforms, including the US Navy's DDG-51 destroyer," said John Shade, EVP for US Business Development and Future Programmes, Rolls-Royce Defence. Shade further noted that "India is a key strategic growth market for Rolls Royce and we are confident that our industry-leading marine gas turbine generators are an ideal choice to power the Indian Navy's future fleet." This would include several key areas including design, ...
Integrated sugar and ethanol manufacturer Triveni Engineering and Industries on Tuesday reported a consolidated loss of Rs 22.4 crore during the September quarter, due to subdued profitability in sugar and alcohol business. The company had posted a profit after tax (PAT) of Rs 29.1 crore in the year-ago period, Triveni Engineering and Industries said in a statement. Revenue from operations of the company grew 8.1 per cent during the second quarter of the current fiscal year to Rs 1,748.3 crore compared to Rs 1,617.4 crore a year earlier. Triveni Engineering and Industries Chairman and Managing Director Dhruv M Sawhney said, "Overall profitability of the company during the half year ended September 30, 2024 was subdued, impacted by lower margins in the alcohol business and losses of new subsidiary SSEL, which was recently acquired. "For the sugar season, the profitability in the first half of the financial year remains muted due to spending of fixed expenses during the off-season ..
Sugar company Triveni Engineering & Industries Ltd has acquired a 25.43 per cent stake in Sir Shadi Lal Enterprises Ltd (SSEL) for Rs 35 crore and launched an open offer to shareholders for acquiring an additional 26 per cent stake. Triveni Engineering is one of the leading integrated sugar producers in the country. It is also into engineered-to-order high speed gears & gearboxes and water and waste water management business. In a statement, the company said it has acquired a 25.43 per cent stake in SSEL. Pursuant to a share purchase agreement executed with Vivek Viswanathan and Radhika Viswanathan Hoon on January 30, 2024, the company on Monday acquired 25.43 per cent equity stake in SSEL for an aggregate consideration of Rs 35 crore, i.e. at a price of Rs 262.15 per equity share of SSEL. To acquire a majority stake in SSEL, the company had launched an open offer to the shareholders of SSEL to acquire up to 26 per cent of the outstanding voting share capital at Rs 262.15 per .
Triveni Engineering & Industries Ltd, mainly engaged in the sugar business, has posted a 7 per cent decline in its consolidated net profit to Rs 137.40 crore for the December 2023 quarter and announced its foray into Indian Made Foreign Liquor (IMFL) manufacturing. Its net profit stood at Rs 147.28 crore in the year-ago period. The total income fell to Rs 1,575.55 crore in the October-December period from Rs 1,695.98 crore in the corresponding period of the previous year, a regulatory filing said on Monday. Triveni Engineering is one of the leading integrated sugar manufacturers and engineered-to-order turbo gearbox manufacturers in the country. It is also into water and waste-water management business. The company's board approved "venturing into the new business of manufacturing, marketing and selling own brands in the premium segment of Indian Made Foreign Liquor (IMFL) as a forward integration of the distillery operations". The company would set up a bottling plant in ...
Triveni Engineering & Industries Ltd -- which is into sugar, ethanol and engineering businesses -- has reported a marginal increase in its consolidated net profit to Rs 67.61 crore for the quarter ended June. Its net profit was Rs 66.45 crore in the year-ago period. The total income rose to Rs 1,444.47 crore in the first quarter of this fiscal from Rs 1,371.34 crore in the corresponding period of the previous year. Sugar turnover declined 15.2 per cent over the corresponding period last year after considering exports, driven by a 21.7 per cent decline in domestic sales volumes due to lower domestic quota allocations, the company said in a statement. Triveni Engineering & Industries Ltd Chairman and Managing Director Dhruv M Sawhney said: "Overall performance of the Company during the quarter ended June 30, 2023, has been satisfactory. Alcohol and engineering businesses contributed to 60 per cent of the total segment results". In the sugar business, he said the company ...
Triveni Engineering & Industries Ltd's net profit has risen 74 per cent to Rs 190.31 crore in the fourth quarter of the last fiscal year. Its net profit stood at Rs 109.17 crore in the year-ago period, according to a regulatory filing. Total income rose to Rs 1,839.86 crore in the January-March quarter of 2022-23 from Rs 1,195.08 crore in the corresponding period of the preceding year. Triveni Engineering & Industries Ltd is into sugar as well as engineered-to-order high speed gears & gearboxes. It is also into water and wastewater management business. During the full 2022-23 fiscal, the net profit jumped to Rs 1,791.80 crore from Rs 424.06 crore in the previous year. Total income grew to Rs 6,390.51 crore in 2022-23 from Rs 4,716.23 crore in the previous year.
Sugar firm Triveni Engineering & Industries Ltd on Saturday reported a multi-fold jump in its consolidated profit to Rs 1,387.76 crore for the quarter ended September on one-off gains. Its net profit stood at Rs 92.47 crore in the year-ago period. Total income rose to Rs 1,483.33 crore in the second quarter of this fiscal from Rs 1,163.66 crore in the corresponding period of the previous year, according to a regulatory filing. "The company has divested its entire stake of 21.85 per cent in the associate company, Triveni Turbine Ltd, and accordingly exceptional income of Rs 1,401.20 crore has been recognized," the filing said. The company also announced a proposal to buy back up to 2,28,57,142 equity shares from shareholders at a price of Rs 350 per share for an aggregate amount not exceeding Rs 800 crore. Triveni Engineering is one of the largest integrated sugar producers in the country. It also has presence in engineered-to-order high speed gears and gearboxes, besides water ..