Triveni Engineering & Industries Ltd. (‘Triveni’), one of India’s leading companies engaged in the manufacture of sugar and engineered-to-order mechanical equipment, such as steam turbines, high speed gears and water and wastewater treatment equipment, today announced that it has signed a cooperation agreement with Beijing BEIZHONG Steam Turbine Generator Co., Ltd (‘BZD’).

This agreement was signed by Mr. Dhruv M. Sawhney, Chairman & Managing Director of Triveni with Mr. Qi Jianbo, Managing Director of BZD in presence of senior executives of both the companies.

Initially, Triveni will be distributing and marketing BZD products by offering power solutions upto 330 MW which will consist of steam turbines, alternators, condensing and cooling systems along with electricals and power evacuation systems; Triveni will also sell the balance of plant and provide after sales support. The agreement facilitates Triveni to enter into Technology Transfers and the Company will work towards these in the future.

BZD, a subsidiary of the state owned Beijing Jingcheng Mechanical & Electrical Holding Co., Ltd, is a technology leader and fourth largest steam turbine manufacturer in the People’s Republic of China with products offering power solutions upto 660 MW. The company sold more than 4000 MW of power generating equipment last year and has already made inroads into Indian market with orders exceeding 1300MW.

Triveni currently sells steam turbines upto 30MW and holds a dominant market share within the industrial turbine market in India. The company has an installed base of over 2200 turbines, with an annual production capacity of 1200MW.

Commenting on the agreement, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Engineering & Industries Ltd, said, “The signing of this agreement between Triveni and BZD is a momentous event for our turbine business division. It supplements Triveni’s product range to encompass the entire industrial turbine market upto 60MW, while also enabling Triveni to enter into the medium sized utility power generating equipment market upto 330MW. The power solutions offered will be efficient and highly cost effective with desired deliveries backed by excellent product support.

Triveni is well known for its prompt product delivery and unmatched after-sales service in engineered-to-order products. This has given Triveni an edge over its competitors both in the domestic as well as overseas markets. Now with this new relationship with BZD - with its vast knowledge and experience of supplying its higher range turbines worldwide-, we will be an effective and formidable combination offering power solutions upto 330 MW range. The Triveni-BZD combination will differentiate itself from other imported turbine suppliers through the support of state-of-the-art infrastructure of Triveni in Bangalore which, in many ways, is unique in India and also in the global industrial turbine market.”

The Government of India’s Eleventh Five Year Plan has laid emphasis on rapid expansion of power generation. This arrangement between Triveni and BZD will address the 50,000 MW market in the medium sized utility, merchant power, industrial and captive range in next five years.

Shanghai based investment banking firm E. J. McKay & Co., Inc. advised Triveni on the transaction. James Z. Li, Chairman of E. J. McKay said, “By joining hands with BZD, Triveni has positioned itself with one of the largest turbine manufacturers in China and this agreement will lead to further cooperation between the two companies.”

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About Triveni Engineering & Industries Limited

Triveni Engineering & Industries Limited is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is among the three largest sugar manufacturers in India, and the market leader in its engineering businesses comprising steam turbines, high speed gears, gearboxes, and water treatment solutions. Triveni currently has seven sugar mills in operation at Khatauli, Deoband, Sabitgarh, (all in western Uttar Pradesh), Chandanpur, Raninagal and Milak Narainpur (all in central Uttar Pradesh) and Ramkola (eastern Uttar Pradesh). The Company’s turbine manufacturing and gear manufacturing facilities are located at Bangalore and Mysore respectively while the Water & Waste water treatment business is located at Noida. Triveni’s sugar crushing capacity is 61,000 TCD. The Company also has a total co-generation capacity of 68 MW located in two of its major facilities viz., Khatauli (46 MW) & Deoband (22 MW) and a 160,000 litre per day capacity distillery at Muzaffarnagar. Additionally, Triveni Khushali Bazaar, a rural and semi-urban retail store, is steadily expanding its reach with over 40 stores currently in operation. For further information on the Company, its products and services please visit www.trivenigroup.com

For further information contact:
C.N. Narayanan
Saurabh Saxena/Kunal Takalkar
Triveni Engineering & Industries Limited
Adfactors PR Pvt. Limited
Noida (U.P.) Phone:- 0120-4308000
New Delhi Phone:- 011-41345155