TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Disclosures under Reg. 10(6) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for STFL Trading & Finance Pvt Ltd TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - 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 ENGINEERING & INDUSTRIES LTD. - 532356 - Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 10(5) in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for STFL Trading & Finance Pvt Ltd
Triveni Engineering share price rises 4% on agreement with GEAE Technology USA
Under the agreement, GEAE Technology USA has licensed Triveni to locally manufacture the LM2500 gas turbine's base frame, acoustic enclosure, and lubricating oil skid and supply other source-controlled accessories that go into the LM 2500 gas turbine enclosure assembly. TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
With reference to the subject matter, please find enclosed a Press Release being issued by the Company titled 'Triveni signs a business agreement with GEAE Technology USA in its Defence business'. TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - Announcement under Regulation 30 (LODR)-Credit Rating
Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we would like to inform you that M/s ICRA Limited has upgraded/reaffirmed the following ratings for bank facilities & commercial paper programme of the Company. The outlook on long-term ratings has also been revised from positive to stable TRIVENI ENGINEERING & INDUSTRIES LTD. - 532356 - 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.trivenigroup.com Triveni Engineering & Industries Ltd - 532356 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Pursuant to Regulation 47 of the SEBI (LODR) Regulations, 2015 as amended, we enclose copies of the newspapers advertisement pertaining to the financial results of the Company for the Q2 and H1 FY22 ended Sept. 30, 2021 published in the Business Standard (English & Hindi) on 28th October, 2021. Q2FY22 Quarterly Result Announced for Triveni Engineering & Industries Ltd.
Highlights: Gross Revenue from Operations at Rs. 2266.48 crore Profit before Tax at Rs. 245.35 crore, a growth of 36% Profit after Tax at Rs. 184.77 crore, a growth of 61% Decline in net turnover by 9% in the current quarter and 12% in the current half year is mainly due to lower sugar dispatches by 21% and 24% respectively Alcohol and Power Transmission Business have achieved higher turnover in the current half year / quarter over the corresponding period of last year. Operating profit in Q2FY 22 is higher by 35% at Rs. 115.91 crore and H1 FY 22 by 10% at Rs. 269.13 crore. Share of profit from the associate company is higher due to accrual of significant exceptional income The total debt on a standalone basis as on Sep 30, 2021 is Rs. 515.54 crore, lower by 32% as against Rs. 761.43 crore as on Sep 30, 2020. It comprises term loans of Rs. 364.35 crore, almost all such loans are with interest subvention or at subsidized interest rate. On a consolidated basis, the total debts are at Rs. 581.82 crore, with term loans at Rs. 430.63 crore. Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Engineering & Industries Ltd, said: “Overall performance of the Company during the half year ended Sept 30, 2021 has been satisfactory. Sugar segment witnessed lower dispatches during Q2 / H1 FY 22 but average realization price has improved in view of firmness of sugar prices since August’21. The distillery segment continued its strong performance driven by higher dispatches and higher realization prices. The performance of the engineering businesses has substantially improved in terms of profitability, despite marginally lower turnover driven by improvement in the power transmission business. We would expect sugar prices to sustain at the current levels, especially in view of substantial increase in cane price by Rs. 250/tonne in the SS 2021-22. It would be more appropriate on the part of the Government to address long pending increase in Minimum Selling Price (MSP) of sugar at this stage to maintain viability of sugar mills and to preserve their cane price paying capacity. The export programme from northern part of the country needs to be watched as without export subsidy, it is dependent on the price levels in the domestic and international markets. Nevertheless, exports may continue to be viable from Maharashtra and other coastal regions. The ethanol production programme by sugar mills is expected to accelerate with sugar diversion expected to increase by ~ 62% to 3.4 million tonnes in the SS 2021-22. In view of steep increase in sugar prices, use of grains as feedstock is expected to gain momentum. The Government of India has recently announced modifications with respect to monthly release quota to incentivize diversion of sugar for ethanol production, which will be applied from October 2021 onwards. The key modification isincreasing the incentive on sugar sacrificed for producing ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar from 50% earlier to 100% from the month of October 2021. We are well on schedule to set up additional distillation capacities. Around 220 KLPD capacity will be operational in the last quarter of FY 22 and another 120 KLPD around Q1 FY 23. In the engineering business, the turnover is marginally lower by 1%. Power Transmission Business has recovered well post COVID-19 but there has been delay in the normalization of project sites of Water Business. The order intake position is satisfactory under the prevailing challenging conditions, however the same is expected to improve in the second half of the year. The key to growth in engineering business will be overall economic recovery and resumption in industrial activity.” Result PDF
