Tranche Update on Triveni Turbine Limited's Equity Buyback Plan announced on November 2, 2022.
January 23, 2023 at 07:44 am EST
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From November 2, 2022 to December 31, 2022, the company has repurchased 0 shares, representing 0% for INR 0 million. With this, the company has completed the repurchase of 0 shares, representing 0% for INR 0 million under the buyback announced on November 2, 2022.
Triveni Turbine Limited is an India-based industrial steam turbine manufacturer. The Company is primarily engaged in the business of manufacturing and supplying power generating equipment and solutions and has manufacturing facilities in Bengaluru, Karnataka. Approximately 6,000 steam turbines supplied by the Company are installed across 20 industries in over 75 countries, including Europe, Africa, Central and Latin America, Southeast Asian and South Asian Association for Regional Cooperation countries. It Triveni caters to varied and diverse industries, including biomass IPP, municipal solid waste IPP, district heating, palm oil, paper, sugar, naval, textiles, metals, cement, carbon black, solvent extraction, pharmaceutical, chemicals, petrochemicals, fertilizers, oil and gas municipal solid waste based independent power plants (IPPs), and captive power plants (CPPs). The Companyâs products include backpressure turbines, condensing turbines, API steam turbines and smart turbines.