Power transmission stock jumps 3% after it signs MoU with Rolls-Royce for marine gas turbine generatorsPower transmission stock jumps 3% after it signs MoU with Rolls-Royce for marine gas turbine generators

Introduction:

Power transmission stock signed an MoU to develop 4MW marine gas turbine generators. The collaboration focuses on design, manufacturing, and support. It aims to enhance India’s maritime capabilities and strengthen domestic manufacturing for defense and commercial needs.

Share Price movement of Triveni Engineering & Industries:

On February 6, 2025, Triveni Engineering & Industries Ltd opened at ₹382.05. The stock reached a high of ₹398.80, up 2.34% from its previous close of ₹379.90, and a low of ₹375.30. It last traded at ₹388.80, with a market cap of ₹8,515.13 crore.

Triveni Engineering & Industries signs new MOU:

Triveni Engineering & Industries Ltd. has signed an MoU with Rolls-Royce Marine North America Inc. to collaborate on 4MW marine gas turbine generators (GTG) for the Indian market. This partnership aims to enhance India’s maritime capabilities with advanced power generation solutions.

The collaboration will focus on key areas such as design, development, and manufacturing of marine GTGs. Additionally, it will ensure comprehensive sales and support activities, strengthening both companies’ commitment to delivering high-performance and efficient marine power solutions in India.

This strategic alliance is expected to boost domestic manufacturing and technological advancements in marine engineering. By leveraging Rolls-Royce’s expertise and Triveni’s strong industrial presence, the partnership will support India’s growing defense and commercial maritime needs.

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Recent news About Triveni Engineering & Industries :

Triveni Engineering & Industries Ltd. has scheduled a Board of Directors meeting on February 4, 2025, to consider and approve the unaudited financial results for the third quarter and nine months ending December 31, 2024.

Ace investor holding of  Triveni Engineering & Industries:

Anil Kumar Goel holds a 3.54% stake in Triveni Engineering & Industries Ltd., owning 77.4 lakh shares valued at ₹302 crore. His holdings saw a minor increase of 0.05% from the previous quarter, reflecting confidence in the company’s growth prospects within the industrial and power sectors.  

Seema Goel owns a 1.05% stake in Triveni Engineering & Industries Ltd., holding 22.95 lakh shares worth ₹89.5 crore. Her stake increased slightly by 0.04% from the previous quarter, indicating a continued investment interest in the company’s expanding operations and market potential.

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Shareholding pattern of Triveni Engineering & Industries:

All values in %	Dec-24	Sep-24	Jun-24
Promoters	60.98	60.98	60.98
FII	5.18	4.66	4.84
DII	9.71	9.99	8.82
Retail & others	24.15	24.38	25.35

About Triveni Engineering & Industries:

Triveni Engineering & Industries is a leading Indian company specializing in sugar production, power transmission, and water treatment solutions. It focuses on advanced engineering, renewable energy, and industrial manufacturing, catering to diverse sectors while driving innovation and sustainable growth in domestic and global markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.