Triveni Turbine Limited Approves Incorporation of Triveni Turbines Americas Inc. as its Wholly-Owned Subsidiary in the State of Texas, USA
February 05, 2024 at 06:00 am EST
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Triveni Turbine Limited at it board meeting held on February 5, 2024, approved incorporation of Triveni Turbines Americas Inc. as its wholly-owned subsidiary company in the State of Texas, USA. Industry to which the entity being acquired belongs: Industrial Steam Turbines. Objects and effects of acquisition: to supply Industrial Steam Turbines, supply of Spares, Repairs and Overhauling of Rotating Industrial Machinery.
Cost of acquisition or the price at which the shares are acquired: Initial proposed subscription for the aggregate consideration of USD 2,000,000.
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.
TRIVENI TURBINE LIMITED 
