Triveni Turbine’s growth drives global energy transition market

Triveni Turbine Ltd is one of the world’s largest manufacturer of industrial steam turbines ranging up to 100 MW by addressing the specific needs of customers and working across a wide range of pressure and flow applications. The company has done more than 1 billion operating hours of turbine fleet having installed more than 6000 steam turbines by generating more than 16 GW power generation capacities in over 20 industries worldwide.
The company is present in over 80 countries around the world and the steam turbines are manufactured at its modern facilities in Bengaluru, India. Triveni Turbine products are installed in diverse industries for power generation, heating, and drive applications, namely, petroleum refineries, chemicals, petrochemicals, fertilisers, sugar, distillery, cement, steel pulp, paper, textiles, oil, food processing, and energy waste.The company offers complete turnkey solutions like erection and commissioning, annual maintenance contracts, and lifetime spare support to its diversified customers across the globe . While the power generation industry is evolving continuously with demand for higher efficiencies and low cost is constantly being looked at.
Triveni Turbine understands the economics and the needs of the power producers to have equipment with better operating efficiencies, long-term reliability, and extended operating life to maximise return on investment. The company offers steam turbine solutions for industrial captive and renewable power by manufacturing steam turbines up to 100 MW that enable customers to achieve unhindered performance and self-sufficiency at an optimal cost while minimising environmental impact. Trivedi Turbine had posted excellent Q1FY25 financial results with the revenue growing 23% over the previous year. On the other hand, EBITDA and profit before tax went up by 36% and 37% respectively.
Similarly, profit after tax for the same quarter stood at Rs 804 million which was an increase of 32% y-o-y. From the sales front, domestic sales increased by 27% while export sales increased by 19% reflecting a bulging order book. The company management has also commented in its last investor communique that customers now want shorter deliveries and expect the domestic market to be a major source of growth for Triveni Turbine not only in the coming quarters but in the years to come. Industry Analysts also expect that there is immense opportunity not only in terms of energy transition for companies who are growing their capacity to be more energy efficient but also for their own captive requirements. Green solutions offered by Triveni turbines will significantly contribute in the growth of the power consumption of the Indian economy as this is also an increasing focus by the Indian government. Triveni Turbine operates in the industrial heat and power solutions sector which fits into the larger market of energy transition and this could be a massive market globally. Many brokers and industry analysts are extremely bullish on the Triveni Turbine stock and expect the price to appreciate by 25% in the medium-term time frame from the present levels.