TD Power shares rise 4% following traction motor supply deal for Europe
By approximately 1:40 PM, TD Power shares were up 2.18% at Rs 414.6 per share, while the BSE Sensex dipped by 0.11% to 81,132.13. The company’s market capitalization stood at Rs 6,475.37 crore at that time.
The company announced, “We are pleased to inform you that we have signed a five-year contract with an Indian entity of a major international company for the supply of traction motors to the European market.” An initial order worth Rs 18 crore has already been received, with delivery scheduled for April 2025. TD Power anticipates that the total business volume from this order will reach around Rs 300 crore over the next five years.
On October 15, TD Power secured another order worth Rs 142 crore from two major international gas engine Original Equipment Manufacturers (OEMs) for gas engine generators. The company expects additional orders in this segment in the coming quarters, indicating a significant increase in demand for gas engine applications in grid stabilization, base load power, and data centers.
All generators are designated for export markets, with deliveries partially occurring this financial year and continuing into the next.
TD Power Systems specialises in manufacturing power generation equipment and services, focusing on turbine generators, including gas and steam turbines, and providing engineering, procurement, and construction solutions for the power sector. Its product portfolio features a wide range of generators—such as steam, gas, hydro, wind, diesel, and gas engine generators—as well as various motors, including induction, traction, and synchronous types.
The company also supports various industries in their renewable energy initiatives and power efficiency projects. Over the past year, TD Power shares have surged by 67.2%, compared to a 26% rise in the BSE Sensex.