TD Power Systems shares jumped more than 3% after the company bagged a 5-year contract worth Rs 300 crore with the Indian subsidiary of a major international company. The deal strengthens the company’s position in the international market by supplying traction motors to the European market.
The first order, valued at ₹18 crore, has been received and will be delivered in April 2025, as part of the agreement.
As of 12:31 pm, TD Power Systems shares were trading 3.20% higher at Rs 417.70 on the NSE.
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