Triveni Turbine slips after a decent debut

Triveni Turbine debuted at Rs 45 on the BSE and while its high remains its opening it has touched a low of Rs 39.

The scrip is currently trading at Rs 40 and so far 5835 shares were traded on the counter.

Promoters hold 74.97% in the company while FII have 12.77%, DII 5.345 while others are holding 6.92% in the company.

Triveni Turbine’s shares got listed on the domestic bourses. TTL was demerged from Triveni Engineering and industries with effect from April 21, 2011. The company is a market leader in steam turbines up to 30 MW. TTL’s manufacturing facility is located in Bangalore with capacity to produce 80-100 steam turbines a year. The company clocked net sales of Rs 182 crore and a net profit of Rs 24.3 crore for the quarter ended September 30,2011 and holds an order book of has an order book of Rs 469 crore.