TD Power Systems shares jumped more than 5% in morning trade after the company bagged orders worth Rs 142 crore from two major international gas engine Original Equipment Manufacturers (OEMs).
The orders are for the supply of gas engine generators, indicating a major increase in demand from the category. These generators are designed for export, with applications including grid stabilization units, base load power and data centers.
As of 10:15 am, TD Power Systems shares were trading 5.76% higher at Rs 407.80 on the NSE.
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