Triveni Turbine Limited (BSE:533655) is seeking acquisitions. Nikhil Sawhney Vice Chairman, and Managing Director said during the Second Quarter and H1 Fiscal Year '22 Earnings Conference Call, "We will continue to spend money on organic research and development, both within the company as well as with our partners and educational institutions to enhance the value proposition that we bring to our clients for a better, efficient, and more cost reliable solution. These will also include further developments in the API segment, which we'll continue to invest into from a technological perspective, but also further investments into decarbonized solutions such as supercritical carbon dioxide. This investment will continue for the foreseeable future, and we believe that we would look at certain opportunities to acquire technologies as well, which may be able to provide us the visibility as a company to enhance revenues in the years to come".
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.