About Triveni Engineering & Industries Limited
Triveni Engineering & Industries Limited (TEIL) operates as an Indian public company which received its incorporation in 1932 and maintains listings on BSE and NSE. The company operates from Noida Uttar Pradesh with its registered office while managing its business activities through multiple sectors including sugar production and engineering operations. The Company operates through multiple business segments which include sugar production and industrial alcohol manufacturing and ENA production and power generation through co-generation and high-speed and niche low-speed gearbox manufacturing and turnkey water and waste-water treatment solutions with O&M services. The company operates 20 plants and 2 offices across India while serving 29 States and 81 countries worldwide. The Company reports that exports contributed 2.44% of turnover.
The group structure of TEIL includes 13 subsidiaries and one joint venture operation. The Company operates water projects and power transmission subsidiaries while Sir Shadi Lal Enterprises Limited (SSEL) joined the subsidiary list during the current year. The Company achieved two major accomplishments through the successful development and independent listing of Triveni Turbine as a standalone business entity which demonstrates its ability to create value.
Triveni Engineering & Industries Limited’s Business Segments
- The sugar segment generates 49.13% of total revenue.
- The Distillery segment generates 38.86% of total revenue through its production of ethanol and ENA and alcoholic beverages.
- The Power Transmission Business segment includes high-speed and niche low-speed gearboxes and defense products and aftermarket and retrofit solutions which generate 5.55% of total revenue.
- The Water Business Group operates through equipment/EPC for water treatment and O&M services which contribute 3.51% to total revenue.
- The company generates 2.44% of its total revenue from international sales.
Triveni Engineering & Industries Limited’s Key Management
- Dhruv M. Sawhney serves as the Chairman and Managing Director of the company.
- Tarun Sawhney serves as Vice Chairman and Managing Director of the company.
- Suresh Taneja serves as Group Chief Financial Officer for the organization.
- Geeta Bhalla holds the position of Group Vice President and Company Secretary at the organization.
Latest Updates on Triveni Engineering & Industries Limited
- The acquisition and restructuring process led TEIL to acquire 61.77% of Sir Shadi Lal Enterprises Limited on June 20, 2024 which resulted in the company becoming a subsidiary. The Board of Directors approved a Composite Scheme of Arrangement on December 10, 2024 to merge SSEL into TEIL while creating Triveni Power Transmission Limited as a fully owned subsidiary for the Power Transmission Business segment but stock exchange validation remains pending.
- The Water Business Group achieved a Rs 1,600.8 crore order book closure and obtained two major projects from Prayagraj STP (UP Jal Nigam) and Vadodara Sewage Recycling (VJSPL) worth Rs 586.2 crore. The Group maintains operational presence in three countries which include India and the Maldives and Bangladesh.
- The company achieved two major engineering milestones by launching its most powerful 57MW compressor gearbox for steel applications and delivering a 48MW API gearbox to PowerGen and a 70,000 RPM gearbox to a defense research facility. The company launched operations in Japan for compressor applications while obtaining reference projects in Middle Eastern oil and gas operations.
- The Company maintains 13 subsidiaries under its group structure which includes Sir Shadi Lal Enterprises Limited and Triveni Power Transmission Limited as its newest additions.