TD Power Shares Surge 9 Per cent On Railway Application Order

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Shares of TD Power System rose more than 9 per cent after the company said that it has received an order from a major multi-national company for installation in North America.

"An order for supply of 45 railway application generators has been received from a major multi-national company for installation in North America", said in the BSE filing.

TD Power Shares Surge 9 Per cent On Railway Application Order
TD Power Systems: Quotes, News
BSE 216.40BSE Quote2.5 (1.16%)
NSE 216.90NSE Quote3.25 (1.50%)

"This is an outcome of the successful trial run of 5 generators supplied earlier in February 2016 to the same customer. TDPS expects volumes to grow from this business in the forthcoming financial years", the company said.

The supplies under this order would be completed between January 2017 &April 2017, added.
Shares of TD Power were seen trading at Rs 213, higher by 9.16 per cent on BSE at 1.44 pm IST. It touched an intra-day high of Rs 225 during trade.

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Read more about: td power
Story first published: Tuesday, August 30, 2016, 14:07 [IST]
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