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Home arrow News arrow Power and Energy arrow Triveni Turbine posts Rs 21cr net profit & Rs 161cr net sales for Q1 FY12
Triveni Turbine posts Rs 21cr net profit & Rs 161cr net sales for Q1 FY12 Print E-mail
Written by Ganesh   
Thursday, 04 August 2011
New Delhi: Triveni Turbine, engaged in the manufacture of steam turbines, has reported a net profit of Rs 21 crore and net sales of Rs 161 crore for the for the first quarter ended 30th June, 2011. Triveni Turbine has been demerged from Triveni Engineering and Industries into a separate company in October, 2010.

"This is the first quarterly result of Triveni Turbine post the demerger. We have received the in-principle approval from both BSE and NSE and are awaiting Sebi approval for listing," said Dhruv Sawhney, chairman and managing director, Triveni Turbine.

The current order book of Triveni Turbine stands at Rs 551 crore.

Triveni Engineering and Industries is engaged mainly in sugar manufacturing. Triveni Turbine manufactures steam turbines of up to 30-MW capacity at its facility in Bangalore. According to the company, it has a market share of over 60 percent in the steam turbines segment.

"The performance during the quarter has been in line with our expectation. Some of the recent macro economic factors, such as firming up of interest rates, might have some impact on the capital goods sector and we may not be entirely excluded," Sawhney said.

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