Triveni Turbine Limited Declares Special Dividend, Payable on November 25, 2021
October 26, 2021 at 10:28 am EDT
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Triveni Turbine Limited at their board meeting held on October 26, 2021 declared payment of special dividend of INR 0.60 per equity shares of INR 1 each i.e. 100% of the face value. Fixed November 9, 2021 as the Record Date for determining the members entitled to receive the Interim & Special dividend (Dividend). The Dividend shall be paid (subject to deduction of tax at source) on 25th November, 2021 to equity shareholders of the Company whose name appear on the Register of members of the Company or in records of Depositories as beneficial owners of the shares as on the Record date.
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.