Smallcap stock jumps 5% after it receives order worth ₹290 Cr from NTPCSmallcap stock jumps 5% after it receives order worth ₹290 Cr from NTPC

Introduction:

Leading energy solutions provider has secured a ₹2.9 billion order from NTPC Ltd. to deliver a CO2-based Energy Storage System at NTPC Kudgi, Karnataka. The project, set to enhance sustainable energy capacity, will be completed in 18 months.

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Share price movement of Triveni Turbine:

On January 29, 2025, Triveni Turbine Ltd. opened at ₹600.00, up 1.04% from its previous close of ₹593.85. The stock reached a high of ₹642.00 (8.09%) and a low of ₹592.75. By 4:00 PM, it traded at ₹624.30, a 5.13% increase, with a market cap of ₹19,845.06 crore.

NTPC Awards ₹2.9 Billion Energy Storage Project:

Triveni Turbine Ltd. has received an order valued at ₹2.9 billion from NTPC Ltd. for a CO2-based Energy Storage System (ESS) at NTPC Kudgi, Karnataka. The project is a significant step toward sustainable energy solutions.

The CO2-based ESS, with a capacity of 160 MWh, will be designed, engineered, manufactured, supplied, erected, and commissioned by Triveni Turbine, in collaboration with its technology partner, Energy Dome. The project will be completed within 18 months.

NTPC’s investment in CO2 battery technology aligns with its goal to enhance renewable power generation and support India’s ‘Make in India’ and ‘Atmanirbhar’ initiatives. The project represents a milestone in sustainable energy innovation.

Stock performance of Triveni Turbine for Period of 1 week, 6 months and 1 year:

Over the past week, Triveni Turbine Ltd. saw a decline of 12.3%, while its performance over six months remained relatively stable with a 2.39% dip. However, the company experienced impressive growth of 60.7% over the past year.

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Shareholding pattern of Triveni Turbine:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	55.80%	56%	56%
FII	28.30%	28.10%	27.50%
DII	10.90%	11.50%	12.30%
Public	4.90%	4.60%	4.30%

About Triveni Turbine:

Triveni Turbine Ltd. (NSE: TRITURBINE) specializes in manufacturing and supplying power-generating equipment, including turbines for various industries. It offers aftermarket services for turbines and other rotating equipment, catering to sectors like sugar, cement, and oil & gas.

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.