TD Power shares rise 4% following traction motor supply deal for Europe

28 Oct 2024 CW Team

By approximately 1:40 PM, TD Power shares were up 2.18% at Rs 414.6 per share, while the BSE Sensex dipped by 0.11% to 81,132.13. The company’s market capitalization stood at Rs 6,475.37 crore at that time.

The company announced, “We are pleased to inform you that we have signed a five-year contract with an Indian entity of a major international company for the supply of traction motors to the European market.” An initial order worth Rs 18 crore has already been received, with delivery scheduled for April 2025. TD Power anticipates that the total business volume from this order will reach around Rs 300 crore over the next five years.

On October 15, TD Power secured another order worth Rs 142 crore from two major international gas engine Original Equipment Manufacturers (OEMs) for gas engine generators. The company expects additional orders in this segment in the coming quarters, indicating a significant increase in demand for gas engine applications in grid stabilization, base load power, and data centers.

All generators are designated for export markets, with deliveries partially occurring this financial year and continuing into the next.

TD Power Systems specialises in manufacturing power generation equipment and services, focusing on turbine generators, including gas and steam turbines, and providing engineering, procurement, and construction solutions for the power sector. Its product portfolio features a wide range of generators—such as steam, gas, hydro, wind, diesel, and gas engine generators—as well as various motors, including induction, traction, and synchronous types.

The company also supports various industries in their renewable energy initiatives and power efficiency projects. Over the past year, TD Power shares have surged by 67.2%, compared to a 26% rise in the BSE Sensex.

TD Power shares increased by 3.6% during Monday's trading on the BSE, reaching an intraday high of Rs 420.5 per share, following the announcement of a five-year contract with an Indian entity for supplying traction motors to the European market. By approximately 1:40 PM, TD Power shares were up 2.18% at Rs 414.6 per share, while the BSE Sensex dipped by 0.11% to 81,132.13. The company’s market capitalization stood at Rs 6,475.37 crore at that time. The company announced, “We are pleased to inform you that we have signed a five-year contract with an Indian entity of a major international company for the supply of traction motors to the European market.” An initial order worth Rs 18 crore has already been received, with delivery scheduled for April 2025. TD Power anticipates that the total business volume from this order will reach around Rs 300 crore over the next five years. On October 15, TD Power secured another order worth Rs 142 crore from two major international gas engine Original Equipment Manufacturers (OEMs) for gas engine generators. The company expects additional orders in this segment in the coming quarters, indicating a significant increase in demand for gas engine applications in grid stabilization, base load power, and data centers. All generators are designated for export markets, with deliveries partially occurring this financial year and continuing into the next. TD Power Systems specialises in manufacturing power generation equipment and services, focusing on turbine generators, including gas and steam turbines, and providing engineering, procurement, and construction solutions for the power sector. Its product portfolio features a wide range of generators—such as steam, gas, hydro, wind, diesel, and gas engine generators—as well as various motors, including induction, traction, and synchronous types. The company also supports various industries in their renewable energy initiatives and power efficiency projects. Over the past year, TD Power shares have surged by 67.2%, compared to a 26% rise in the BSE Sensex.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..