Hot Pursuit     06-Feb-25
Triveni Engg gains on inking pact with Rolls-Royce
Triveni Engineering & Industries rallied 2.80% to Rs 390.70 after signing a memorandum of understanding (MoU) with Rolls-Royce Marine North America Inc. to explore collaboration on 4MW marine gas turbine generators (GTG) in India.
John Shade, EVP for US business development and future programs at Rolls-Royce Defense, said, “Rolls-Royce has a proven track record of powering some of the world’s most advanced naval platforms, including the U.S. Navy's DDG-51 destroyer. India is a key strategic growth market for RollsRoyce, and we are confident that our industry-leading marine gas turbine generators are an ideal choice to power the Indian Navy’s future fleet.”

Tarun Sawhney, vice chairman & managing director of Triveni Engineering & Industries (Triveni), said, “We are excited with this technology collaboration with Rolls-Royce for indigenously manufacturing their cutting-edge proven marine gas turbine generators in India. Such a partnership can not only help us bring advanced technology to power India’s naval defense requirements but also help enhance the capability of the indigenous naval defense ecosystem in the country.

Building on five decades of expertise and experience in rotary engineering and engineered solutions and riding on India’s indigenization journey, our defense business has emerged as a preferred supplier to the Indian Navy and Indian Coast Guard with superior technologies and capabilities.

Our expertise lends the versatility needed to take on the development of a range of engineered equipment and systems for different applications. We are also setting up a new multi-modal defense facility with large-scale infrastructure for the manufacture, integration, and testing of various naval marine equipment.”

Triveni Engineering & Industries (TEIL) is a diversified industrial conglomerate having core competencies in the areas of sugar, alcohol, power transmission, and water. The company is one of India's largest integrated sugar manufacturers and one of the largest ethanol manufacturers, while making significant contributions in power transmission and in water & wastewater treatment solutions.

Triveni Engineering & Industries’ consolidated net profit tumbled 69.02% to Rs 42.57 crore in Q3 FY25, compared to Rs 137.40 crore in Q3 FY24. Revenue from operations (excluding excise duty) declined 3.27% YoY to Rs 1,268.32 crore during the quarter ended 31 December 2024.

Previous News
  Triveni Engineering and Industries consolidated net profit declines 53.75% in the June 2024 quarter
 ( Results - Announcements 01-Aug-24   17:54 )
  Triveni Engineering and Industries consolidated net profit declines 97.90% in the September 2023 quarter
 ( Results - Announcements 31-Oct-23   07:28 )
  Triveni Engineering and Industries consolidated net profit rises 10.21% in the June 2021 quarter
 ( Results - Announcements 16-Aug-21   08:14 )
  Jai Corp Ltd leads gainers in 'A' group
 ( Hot Pursuit - 22-Apr-24   12:00 )
  Triveni Engineering and Industries AGM scheduled
 ( Corporate News - 03-Sep-20   15:32 )
  Triveni Engineering and Industries to announce Quarterly Result
 ( Corporate News - 10-Aug-21   12:56 )
  Triveni Engineering and Industries fixes record date for interim dividend
 ( Market Beat - Reports 13-Feb-19   19:01 )
  Triveni Engineering and Industries to convene board meeting
 ( Corporate News - 01-Nov-17   11:14 )
  Triveni Engineering and Industries to convene board meeting
 ( Corporate News - 27-Jan-20   17:12 )
  Triveni Engineering and Industries net profit rises 194.86% in the September 2012 quarter
 ( Results - Announcements 21-Nov-12   18:35 )
  Triveni Engineering and Industries to discuss results
 ( Corporate News - 20-Jul-23   10:33 )
Other Stories
  FMCG stocks slide
  21-Apr-25   14:00
  NHPC jumps as board to consider proposal to raise Rs 2,000-cr via bonds
  21-Apr-25   13:40
  Godrej Agrovet reappoints Balram Singh Yadav as MD; appoints Sunil Kataria as CEO & MD-designate
  21-Apr-25   13:33
  Devyani Intl jumps as board plans to acquire Biryani By Kilo
  21-Apr-25   13:30
  B.R.Goyal Infra order book jumps 56% to Rs 1,313 crore as on 31 March 2025
  21-Apr-25   13:14
  IndusInd Bank Ltd spurts 4.46%, rises for fifth straight session
  21-Apr-25   13:00
  Olatech Solutions hits the roof after securing order worth Rs 45 cr
  21-Apr-25   12:54
  Suzlon rallies on push for domestic components
  21-Apr-25   12:52
  Crompton Greaves jumps on bagging LoA from MEDA worth Rs 10.60 crore
  21-Apr-25   12:51
  Premier Energies incorporates new subsidiary for silicon ingot & wafer manufacturing
  21-Apr-25   12:41
Back Top