TD Power Systems Shares Witness an Upsurge of nearly 6%

TD Power Systems’ shares witnessed an upsurge of nearly 6 percent on October 15 as it bags two major international gas engine generator orders which is worth INR 142 crore.

During the stock exchange filing, the bengaluru-based TD Power Systems  said that the company is very much pleased to announce two large orders from two major international gas engine Original Equipment Manufacturers, wherein, the combined value for supply of gas engine generators sirmounts INR 142 crore.

Further, the company highlighted that these orders will reflect a high increase in demand from the gas engine segment of the company’s business with end use for application in grid stabilization units, base load power and data center.

The company stated, "All the generators are for the export markets and will be partly delivered during this financial year and partly delivered next year. The company expects further orders in this segment over the next few quarters. These orders reflect the company’s strengthening position in the international markets and higher acceptance of its products for critical applications."