TRIVENI TURBINE LTD. - 533655 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
In terms of aforesaid regulations, we enclose herewith a certificate for the Quarter ended 31st December, 2021 received from M/s Alankit Assignments Ltd, RTA of the Company. You are requested to kindly take the above documents on record. TRIVENI TURBINE LTD. - 533655 - Closure of Trading Window
Pursuant to the SEBI (Prevention of Insider Trading) Regulations, 2015 as amended and in terms of the Code of Conduct to Regulate, Monitor and Report Trading by Insiders in Securities of the Company, the Trading Window for dealing in equity shares of the Company shall remain closed with effect from 1st January, 2022 till 48 hours after the announcement of the audited financial results of the Company for the 3rd quarter and nine months ending 31st December, 2021 to the stock exchanges. The date of Board meeting for the aforesaid purpose shall be intimated to you in due course. You are requested to take the above on record and disseminate to all concerned. TRIVENI TURBINE LTD. - 533655 - Announcement under Regulation 30 (LODR)-Change in Directorate
The Board of Directors of the Company vide its circular resolution has approved the appointment of Mr. Vijay Kumar Thadani (DIN:00042527) as Additional Director (Non-Executive Independent Director) for a period of 5 years with effect from December 15, 2021, subject to approval of the shareholders. TRIVENI TURBINE LTD. - 533655 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Intimation of Investor Calls TRIVENI TURBINE LTD. - 533655 - Email Communication To Shareholders Regarding Deduction Of Tax At Source On Interim Dividend Pay-Out For The FY Ending On 31St March, 2022
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, please find attached herewith the email communication sent to the shareholders whose email addresses are registered with the Company/Depository Participants providing detailed instructions with respect to deduction of tax at source on Interim Dividend pay-out for the financial year ending on 31st March, 2022. The said email communication is also being uploaded on the website of the Company www.triveniturbines.com
TRIVENI TURBINE LTD. - 533655 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 as amended, we enclose copies of the newspaper advertisements pertaining to the financial results of the company for the Q2 and half year ended September 30, 2021. The advertisements were published in Business Standard (English & Hindi) and Business Line (English) on 27" October, 2021. This is for your kind information and records. Q2FY22 Quarterly Result Announced for Triveni Turbine Ltd.
Key Highlight Amicable resolution with General Electric and Baker Hughes pertaining to Triveni Energy Solutions Limited (TESL) (formerly GETL) including full acquisition for a net settlement of Rs 2 billion Revenue from Operations for H1 FY 22 at Rs 3.91 billion, an increase of 11.4% y-o-y EBITDA for H1 FY 22 at Rs 891 million with a margin of 22.8% PAT for H1 FY 22 at Rs 2.02 billion, an increase of 290.5% y-o-y Record order booking of Rs 3.07 billion for the quarter – highest in last 4 years Record outstanding carry forward order book as on 30 th September 2021 – Rs 8.28 billion Investments including Cash at Rs 7.27 billion, up Rs 2.96 billion q-o-q The Board of Directors has approved payment of interim dividend @ 40% (i.e. Rs 0.40 per equity share of Rs 1 each) and a special dividend @ 60% (i.e Rs 0.60 per equity share of Rs 1 each) for the financial year ending March 31, 2022. Commenting on the Company’s financial performance and recent developments, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: “COVID-19 continues to impact global economies, however the disruption appears to be normalizing as the pandemic is expected to turn into an endemic. For Triveni Turbines, we are witnessing strong momentum in the domestic market, after a sluggish FY 21, however international markets where the Company operates, are recovering at a slower pace. This is evident in our order booking where, as communicated earlier, we were able to achieve domestic order booking of Rs 4.25 billion, in H1 FY 22, an increase of 86% YoY, which is almost equal to FY 21 order booking. We expect that with progressively relaxing travel restrictions, business activity in the international regions will also gather pace. As a Company, we are also seeing an increase in travel of our sales teams in both product and aftermarket division, which we expect to yield good results in the coming quarters. A significant development for Triveni Turbines in this quarter was, the execution of a settlement agreement on 6 th September, 2021 with respect of affairs of the Joint Venture Company - GE Triveni Ltd (GETL), with the JV Partners, D.I. Netherlands B.V. (DI) and Baker Hughes and its affiliates (BH Parties). Given the multiple disputes for over two years amongst JV Partners, the parties agreed to terminate the Joint Venture Agreement and fully and finally settle and resolve the disputes. As part of the settlement agreement, TTL has acquired the entire shareholding held by DI in the equity share capital of GETL for a consideration of ~ Rs 8 crore and thus GETL has become a wholly owned subsidiary of the TTL and is no longer a joint venture with any BH Parties or GE Parties. The name of the company has been changed from GE TRIVENI LIMITED to TRIVENI ENERGY SOLUTIONS LIMITED (TESL) with effect from 21 st October, 2021. TTL has received a Settlement consideration of Rs 208 crore of which Rs 190 crore was received during the quarter and Rs 18 crore was received subsequently. The parties will now be free to compete with each other and accordingly, TTL will now approach the market segment independently in all respects. We are pleased with the resolution with respect to TESL (formerly GETL). Apart from the settlement consideration, reserves and surplus have increased by Rs 27 crore (net of consideration Rs 8 crore) due to higher asset value than the purchase consideration for shares. On the operating side as well, we remain excited about the prospects of the above 30-100 MW segment as it enhances the addressable market considerably and we aim to establish our strong credentials in this segment globally as well, akin to the sub-30 MW segment, where we are amongst the market leaders. We are pleased to report that we have already received the first order in this segment during the quarter. Q2 FY 22 revenues were impacted by delays as some orders were in transit and could not be recognized during the quarter. EBITDA and EBITDA margins were also impacted by higher domestic contribution along with higher material costs. Part of the increase in material costs was due to inclusion of TESL (formerly GETL) due to fair valuation of inventory and part was due to increase in input costs. The Company is proactively working towards managing costs. Investments including cash were Rs 7.27 billion as at end of Q2 FY 22 up Rs 2.96 billion q-o-q, driven by final settlement, higher customer advances, other operating cash flow. We believe the Company is well positioned for the rest of the year and beyond, with a strong enquiry pipeline, positive traction in newer product segments such as API coupled with readiness to operate on a hybrid working model that includes virtual connect with stakeholders especially customers, as well as travel where possible. Both products and aftermarket segment are looking up in the recent quarters. On the R&D; side, the focus remains to improve our product portfolio especially in the newer API segment. The Company will also move forward in enhancing its market position in the above 30-100 MW segment in the coming years.” Result PDF Triveni Turbine Ltd - 533655 - Announcement under Regulation 30 (LODR)-Investor Presentation
We send herewith a copy of Investors' brief on the performance of the Company for the Second Quarter and half year ended on September 30, 2021 for your information. The same has also been placed on the web site of the Company i.e. www.triveniturbines.com Triveni Turbine Ltd - 533655 - Board declares Interim Dividend & Special Dividend
Triveni Turbine Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2021, inter alia, has declared payment of Interim dividend of Re. 0.40 per equity share and a Special dividend of Re 0.60 per equity shares of Re 1/- each i.e. 100% of the face value.The Dividend shall be paid (subject to deduction of tax at source) on November 25, 2021 to equity shareholders of the Company.