T D Power Systems has informed that the Company 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 by the Company for scheduled delivery in April 2025. The total business volume is expected to be around Rs.300 Cr over the next 5 years. Additionally, they confirmed that none of the promoters/promoter group/group companies have any interests in the entity that awarded the order. This order awarded under this agreement does not fall within the purview of related party transactions.
The above information is a part of company’s filings submitted to BSE.
