Triveni Turbine Ltd (TTL) has recorded significant growth in its order inflows during FY24, a company release said.
TTL witnessed Order booking of Rs.459 crore during the second quarter (Q2: October to September) of FY24, registering a 27 per cent year-on-year growth.
In the first half (H1: April to September) of FY24, order inflow stood at Rs.912 crore. This was also 27 per cent than the comparable level in H1 of FY23.
As of September 30, 2023, TTL’s outstanding order book position stood at a record level of Rs.1,476 crore, which was 30 per cent higher on a year-on-year basis.
Commenting on the performance, Dhruv M. Sawhney, Chairman & Managing Director, Triveni Turbine Ltd, said, “Despite the global turmoil, we remain constructive on our growth prospects in the medium-term and have good have good visibility of underlying demand through our robust enquiry book which has increased 33 per cent y-o-y in H1 FY24 with a positive contribution from both domestic and international enquiries.
Also read: Triveni Turbines Ltd: Order Bookings In FY21 Fall By 19 Per Cent
Our aftermarket business has been expanding its horizons through a wider array of customer solutions going beyond industrial steam turbines to other rotating equipment, while expanding its global footprint. Aftermarket sales grew a remarkable 81 per cent over the previous corresponding period. In terms of order booking, the segment grew 57 per cent to Rs.2.99 billion in H1 FY24 with strong performance both in domestic and international orders coming from efficiency upgrade and automation orders.”
