Triveni Turbine Limited ( TTL ) is a dominant Industrial Steam Turbine manufacturer with a global footprint spanning over 75 countries. TTL offers robust back-pressure and condensing steam turbines that work across a wide range of pressure and flow applications. With a dedicated team of highly skilled and experienced engineers, TTL offers a wide suite of integrated solutions like erection & commissioning, spare parts, operations & maintenance and refurbishing, among others.
The Company is the market leader in India with a dominant 60% market share. It also offers comprehensive aftermarket services covering the entire lifecycle of turbines. TTL operates in a higher capacity range up to 100 MW turbines.
With over 5000 turbine installations in over 75 countries globally, the Company is fast spreading its global footprint to more countries and geographies.
TTL operates a state-of-the-art manufacturing facility in Bengaluru, India. The facility is equipped to provide complete manufacturing, assembly, testing and refurbishing services.
The company has installed 5000+ Stream Turbine Units Installed.
Triveni Turbine Ltd. Stock Quote & Charts
294.85
0.65 (0.22%)
- Open: 296.2
- High – Low: 300.9 – 293
- Previous Close: 294.2
- Total Traded Value: 464668
- Updated On: 12/19/2022 4:00 PM
Triveni Turbine Buyback Detail
| Issue Period | |
| Security Name | Triveni Turbine Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 5,428,571.00 |
| Issue Size (Amount) | ₹190.00 Crores |
| Buyback Price | ₹350 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Triveni Turbine Buyback Issue Timetable
| Last Date to buy shares | Dec 21, 2022 |
| Record Date | Dec 23, 2022 |
| Offer Opens On | Feb 16, 2023 |
| Last Date for receipt of Tender Forms | Mar 1, 2023 |
| Offer Closes On | Mar 1, 2023 |
| Finalisation of Buyback Acceptance | Mar 10, 2023 |
| Last Date for settlment of bids | Mar 13, 2023 |
| Last Date for Extinguishment of Shares | Mar 20, 2023 |
Buyback Ratio
[.]
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-21 | 941.85 | 721.68 | 102.46 | 98.69 |
| 31-Mar-22 | 1334.82 | 881.72 | 270.2 | 128.2 |
| Amount in ₹ Crore |
Necessity of the Issue
The Buyback is being undertaken, inter-alia, for the following reasons:
Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure), the Company’s dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner.
The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares and will promote capital efficiency and thereby increasing shareholders’ value and improving return on equity to the management of the Company’s business during that year and to the amount and character of the financial resources which will, in the Board’s view.
Triveni Turbine Buyback Documents
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Company Contact Information
Triveni Turbine Limited
A-44, Hosiery Complex,
Phase-II Extn., Noida
201305
Phone:
Email:
Website: https://www.triveniturbines.com/