TD Power Systems Limited (TDPS) has announced an exciting development, securing a significant order valued at ₹57 crore from the Nuclear Power Corporation of India Limited (NPCIL). This contract showcases TDPS’s commitment to technological excellence and its alignment with India’s Make in India initiative.
Shares of TD Power were trading marginally lower by 0.49% as of 10:17 am on January 20, 2025. The stock reached an intraday high of ₹417.25 on the NSE.
The order entails the supply of advanced induction motors tailored for the Kudankulam nuclear power plant. Key highlights of the project include:
This prestigious order reinforces TDPS’s technological prowess and its dedication to supporting India’s energy infrastructure. As part of the Make in India initiative, this collaboration reflects a step forward in reducing dependency on imported components by providing locally manufactured solutions.
TDPS has confirmed that the order does not involve any related party transactions, ensuring transparency in its operations. The order was awarded by NPCIL, an Indian entity, further cementing the trust and reputation TDPS holds in the industry.
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Published on: Jan 20, 2025, 2:24 PM IST
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