Triveni Engineering & Industries Limited has commenced manufacturing operations at its new defence facility as the company advances its proposed demerger of the Power Transmission business and amalgamation of Sir Shadi Lal Enterprises Limited (SSEL). The developments form part of a broader restructuring aimed at operational separation and efficiency.
The defence facility, for which the Board had approved capital expenditure of just over INR 1 billion, has commenced production in its first operational bay. Additional machinery is being commissioned, while further facility development continues in phases.
“The factory has commenced manufacturing operations. The remainder of the facility development is underway. It should be complete, certainly in the next few months, 2-3 months,” said Tarun Sawhney, Vice Chairman and Managing Director. He added that the manufacturing part of the facility is operational, with additional equipment under execution and commissioning. “The manufacturing part of the defence facility is all underway with the lathe being commissioned and the other balance machinery also under execution and being commissioned as we speak right now. So there is manufacturing output happening in that facility,” he added.
The facility has been designed under a master plan that allows four large bays. Management indicated that only Bay 1 has been constructed so far, with additional bays to be erected as required. The company recently secured a defence order of about INR 450 million, adding to segment visibility.
Alongside the defence manufacturing development, Triveni is progressing with its corporate restructuring. The scheme of amalgamation of SSEL and the demerger of the Power Transmission business received approval from shareholders and creditors in December 2025 and is awaiting final clearance from the National Company Law Tribunal.
“The scheme has been approved by shareholders of creditors… We have another hearing in front of NCLT in the month of February. And we find that we are very much on track… for this to happen during under this quarter, this calendar quarter,” Sawhney said.
He added that systems and operational preparations are underway to ensure readiness of the separated entity. “As we get closer to this demerger… a lot of systems work is being done as we speak to let them hit the ground sprinting,” he said.
The Power Transmission segment reported order booking of INR 4.09 billion in the third quarter of FY26, compared with INR 3.77 billion in the same period last year. Inquiry levels increased by approximately 75 percent year-on-year, driven primarily by export markets. “The month of January itself has been a very positive month for a rebound of order booking to take place,” Sawhney said.
For the quarter ended 31 December 2025, revenue from operations stood at INR 47.83 billion, up 17.8 percent year-on-year. Profit before tax rose to INR 1.03 billion from INR 576 million in the corresponding quarter last year, while profit after tax increased to INR 778 million from INR 426 million. The results included a provision of INR 224 million related to changes under new labour codes.
Triveni Engineering & Industries Limited operates in sugar, distillery, power transmission, defence and water businesses, with manufacturing facilities primarily in Uttar Pradesh and an export presence in engineering products.
