Order News: Shares of TD Power Systems Limited have seen a jump of more than 6% on Tuesday, October 15. This jump in the shares has been seen after the company received 2 major orders. Earlier, the company had announced in the exchange filing that it has received orders from 2 major international gas engine original equipment manufacturers (OEMs). The combined value of these orders is ₹ 142 crores. According to the exchange filing, TD Power Systems will supply gas engine generators to both OEMs.
 

Increasing demand for gas engines


The company said in an exchange filing that the recent orders reflect the growing demand in its gas engine segment, which will be used for grid stabilization units, baseload power, and data centers. TD Power Systems stock, which opened at ₹390 per piece on the BSE, hit an intraday high of ₹409.7, up 6.1%. TD

Power Systems said all the generators will be manufactured for export markets and will be delivered partly during this financial year and FY26. The filing further stated, "The company expects to receive more orders in this segment in the next few quarters. These orders reflect the company's strong position in international markets and the greater acceptance of its products."

Stock returns

TD Power Systems shares have gained over 62% on the BSE in a year. Since the beginning of the year to date (YTD), the shares have gained over 55%. The stock has gained more than 38% in six months, while it has fallen more than 2% in the last one month. The company manufactures generators and motors and has offices in Germany, Turkey, Japan and the US besides India. In July 2023, the company had received generator orders worth $9.28 million (about ₹77.5 crores).