Triveni Turbine Limited (TTL) stands as a prominent industrial steam turbine manufacturer on the global stage, with an extensive presence spanning across 75 countries. TTL specializes in the development of robust back-pressure and condensing steam turbines, designed to excel across a diverse spectrum of pressure and flow applications. Backed by a proficient team of skilled and seasoned engineers, TTL delivers a comprehensive array of integrated solutions, encompassing erection and commissioning, spare parts, operations and maintenance, as well as refurbishment services.
Within the Indian market, the Company boasts an impressive 60% market share, solidifying its position as a market leader. Notably, TTL offers a holistic range of aftermarket services that cater to the complete lifecycle of turbines. TTL’s expertise extends to turbines of a higher capacity, reaching up to 100 MW.
With a remarkable portfolio of over 5000 turbine installations spread across 75 countries, the Company continues to expand its global outreach, reaching new countries and geographies.
Operating from its cutting-edge manufacturing facility situated in Bengaluru, India, TTL delivers a comprehensive suite of services, encompassing manufacturing, assembly, testing, and refurbishment.
In a testament to its prowess, the Company proudly touts the installation of more than 5000 steam turbine units, solidifying its reputation in the industry.
Triveni Turbine Ltd. Stock Quote #
- Open: ₹399.95
- High – Low: ₹403.05 – ₹397.80
- Previous Close: ₹399.00
- Total Traded Value: 3,38,403
- 52 Weeks High: ₹430.50 (Jun 19, 2023)
- 52 Weeks Low: ₹188.10 (Aug 12, 2022)
- Updated On: Aug 11, 2023 4:00 PM
Triveni Turbine Buyback Detail #
Issue Period | Jan 17, 2023 – Jan 31, 2023 |
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 | Jan 17, 2023 |
Last Date for receipt of Tender Forms | Jan 31, 2023 |
Offer Closes On * | Jan 31, 2023 |
Finalisation of Buyback Acceptance | Feb 8, 2023 |
Last Date for settlment of bids | Feb 9, 2023 |
Last Date for Extinguishment of Shares | Feb 16, 2023 |
Buyback Ratio #
Category | Entitlement Ratio of Buyback |
---|---|
Reserved Category for Small Shareholders | 8 Equity Shares out of every 51 Equity Shares held on the Record Date. |
General Category for all other Eligible Shareholders | 1 Equity Share out of every 69 Fully paid-up Equity Shares held on the Record Date. |
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 |
Stock price at BSE (in preceding 3 months) #
Month | High Price | Low Price | Average Price |
---|---|---|---|
Nov-2022 | 294.85 | 270.10 | 281.01 |
Oct-2022 | 305.10 | 233.10 | 270.84 |
Sep-2022 | 248.20 | 205.60 | 225.24 |
Stock price at NSE (in preceding 3 months) #
Month | High Price | Low Price | Average Price |
---|---|---|---|
Nov-2022 | 294.80 | 270.20 | 280.95 |
Oct-2022 | 305.50 | 234.90 | 270.76 |
Sep-2022 | 248.80 | 204.95 | 225.24 |
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 #
Company Contact Information #
A-44, Hosiery Complex,
Phase-II Extn., Noida
201305Phone: 91 120 4308000
Email: shares.ttl@trivenigroup.com
Website: https://www.triveniturbines.com/
Triveni Turbine Buyback Registrar #
- Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.Phone: 04067162222, 04079611000
Email: ttl.buyback@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/