TD Power Systems’ arm losses captive power plant contract worth Rs 225 crore

TD Power Systems’ wholly-owned subsidiary - DF Power Systems (DFPS) was awarded a contract for setting up of a 45MW captive power plant in north east India valued at Rs 225 crore in February 2013. The order was put on hold by the customer and came up for renegotiation with changes in project configuration and price. Further, as the renegotiation did not succeed, the order stands cancelled. 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.