Deals21 Oct 2024, 05:34 pm
T D Power Systems Lands 5-Year, Rs.300 Cr Contract for Traction Motors Supply to European Market
AI Summary
T D Power Systems Ltd. has signed a 5-year contract with an Indian entity of a Major International Company for the supply of traction motors to the European Market. The initial order, worth Rs.18 Cr, has been received for scheduled delivery in April 2025. The total business volume is expected to be around Rs.300 Cr over the next 5 years. It is confirmed that none of the promoters/promoter group/group companies have any interests in the entity that awarded the order, and this order does not fall within the purview of related party transactions.
Key Highlights
- 5-year contract for traction motors supply to European Market
- Initial order worth Rs.18 Cr with scheduled delivery in April 2025
- Total business volume expected to be around Rs.300 Cr over the next 5 years
- No interests from promoters, promoter group, or group companies in the ordering entity
- Order does not fall under related party transactions