TD Power trades jubilantly on commissioning facility for production of 2 pole facility

TD Power Systems is currently trading at Rs. 282.90, up by 12.85 points or 4.76% from its previous closing of Rs. 270.05 on the BSE. The scrip opened at Rs. 279.00 and has touched a high and low of Rs. 287.00 and Rs. 279.00 respectively. So far 148 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 316.00 on 01-Apr-2014 and a 52 week low of Rs. 175.40 on 28-Oct-2013. Last one week high and low of the scrip stood at Rs. 300.00 and Rs. 269.95 respectively. The current market cap of the company is Rs. 940.29 crore. The promoters holding in the company stood at 62.03% while Institutions and Non-Institutions held 27.06% and 10.91% respectively. TD Power Systems’ new facility (Unit 2 Shop 3) located at Dabaspet, Bangalore, for the production of large Generators (2 pole technology) has been commissioned on April 25, 2014. This facility, located close to the company’s existing production facilities, is dedicated to the production of large generators in the range of 74MVA to 250 MVA in respect of which the company signed a licence agreement with Siemens AG to receive know-how for twenty years. The company is in the process of executing an order for 2 generators of 84 MVA each in the said new facility. This new facility along with the expansion of the existing facilities which was commissioned during last quarter of the financial year 2013 substantially enhances the production capacity while incorporating global standards and capabilities for manufacture of generators catering to various types of applications and large generators. TD Power Systems is one of the leading manufacturers of AC Generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. It focuses on manufacturing custom-designed generators for its customers who are based across the world.