Triveni Turbine Dividend 2024 Record Date, Share Price, History

News: Triveni Turbine Limited, a prominent player in the electric equipment sector, has recently made dividend announcements for the year 2024. In this article, we’ll delve into the details of their dividends, including the record date, share price, and a brief historical perspective.

Dividend Details

1. Interim Dividend (Special):
   • Record Date: February 16, 2024
   • Amount: ₹1.00 per fully paid-up equity share
   • This special dividend reflects the company’s commitment to rewarding its shareholders during the financial year 2023-2024.
2. Final Dividend (Previous Year):
   • Record Date: August 11, 2022
   • Amount: ₹0.85 per share
   • The company consistently aims to provide value to its investors through regular dividends.

Share Price Trends

Triveni Turbine’s share price has been subject to market dynamics and company performance. Investors should keep an eye on the stock market trends and company news to make informed decisions.

Historical Context

Triveni Turbine Limited has a history of steady performance and shareholder-friendly policies. Understanding the company’s past dividend patterns can provide insights into its financial stability and growth prospects.

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About Triveni Turbine Company

Triveni Turbine Limited, a stalwart in the electric equipment sector, is a leading industrial steam turbine manufacturer. With over 50 years of excellence, Triveni Turbine has made its mark by producing robust and reliable turbines. Let’s explore more about this remarkable company:

Triveni Turbine: Key Highlights

1. Product Range:
   • Triveni Turbine manufactures industrial steam turbines with capacities of up to 100 Megawatt Electric (MWe).
   • Their state-of-the-art facilities also handle the refurbishment of rotating equipment.
2. Dividends:
   • In 2024, Triveni Turbine declared a special interim dividend of ₹1.00 per fully paid-up equity share.
   • The company consistently aims to provide value to its investors through regular dividends.
3. Global Presence:
   • Triveni Turbine has installed over 6,000 steam turbines across 18 industries in 80+ countries.
   • Their global reach extends to Europe, Africa, Central & Latin America, SE Asian, and SAARC countries.
4. Aftermarket Services:
   • The company’s customer-centric approach includes a highly trained field service team.
   • They handle Steam Turbine Generators (STG) and Balance Of Plant (BOP) across all turbine variants.
   • Triveni offers upgradation and automation throughout the turbine lifecycle.
5. Engineering Excellence:
   • Triveni Turbine’s strength lies in its customized service solutions, high repeat orders, and total customer satisfaction.
   • Their commitment to precision engineering has earned them over 16,000 MWe global installed power generation capacity.

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