MoneyWorks4Me

TD Power gets nod to set up wholly owned subsidiary

06 Feb 2013 Evaluate

TD Power has received an approval for setting up a wholly owned subsidiary (WOS) in the United States of America and a branch office or wholly owned subsidiary (WOS) in Europe to participate in the emerging opportunities in trading and supply of power generation equipment in USA, United Kingdom, and Germany etc.

The US WOS and Europe Branch office or WOS are expected to commence business operations in the following financial year 2013-2014. The board at its meeting held on February 06, 2013 has approved for the same.

TD Power Systems is one of the leading manufacturers of AC Generators with output capacity in the range of 1MW to 52MW for prime movers such as steam turbines, gas turbines, hydro turbines, wind turbines, diesel and gas engines. It focuses on manufacturing custom-designed generators for its customers who are based across the world.

Peers
Company Name CMP
Waaree Energies 2491.80
Apar Industries 17767.45
Havells India 1095.00
Suzlon Energy 40.78
Siemens 3874.65
View more..