Shares of TD Power Systems climbed nearly 6% on October 15 after the company announced securing two major international gas engine generator orders worth Rs 142 crore. These orders, placed by Original Equipment Manufacturers, indicate strong demand for gas engine generators used in grid stabilization, base load power, and data centers.
The Bengaluru-based company said, “The orders are for export markets, and deliveries would be spread over this fiscal and the next fiscal.” Additional orders are expected in the coming quarters, reflecting the company’s increasing international presence and its product acceptance.
At 10:35 am, TD Power Systems stocks traded 5.5% higher at Rs 407 with market capitalization standing at Rs 6,300 crore. The 52-week range of the stock stood between Rs 226.05 and Rs 451.
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