Dear Shareholders,
Only a definitive strategy, considering expected level of technological changes required to meet competition and future requirements across all relevant industries while concurrently addressing their current requirements, can drive today’s enterprises to the next level of growth. Our business approach is structured to this futuristic philosophy, which gives us the technological edge to stay ahead in the
competitive global market space.
Our business strategy is crafted to
power the evolution not just of Triveni
but the entire gamut of its stakeholders
across the value chain of its business.
While innovation is the enabler of our
overarching ambition to be a growing
enterprise in this new-age business
environ, our strong capabilities help
in delivering robust and reliable
products and solutions to facilitate
our customers in keeping pace with
the transformations in their segments
of presence.
Further steering this focus, is our ability
to understand the specific needs of our
customers and match our strengths to
ensure timely and cost-efficient delivery
to their requirements in the dynamically
evolving market environ. We strongly
believe this to be the pivot of our
leadership journey from NOW to NEXT,
and thus remain proactively focussed
on scaling up our products capabilities
and service proposition to build the next
level of the enterprise to dig into the
future opportunities of growth.
The endorsement of the success of this
strategic approach, as manifested in the
Company’s performance during FY 19,
remains a motivational force for us,
as we surge more proactively towards
building tomorrow’s industry with
today’s capabilities. Our ability to identify
sectors with higher potential growth in
domestic and global markets has led
to the development of a strong order
pipeline, giving Triveni Turbines high
visibility not just in terms of new and
more advanced products but also in our
aftermarket proposition.
This is an edge that I believe will propel
our growth and expansion even more
efficaciously in the coming years, as
we move to spread our wings into
new sectors and new markets. We see
the buoyancy in the domestic market
and the improved sentiment in the
international market strengthening further as businesses move towards
greater efficiencies backed by low-cost
product and maintenance models.
After a period of muted growth, the
domestic market for under 30 MW size
turbines showed resurgence, as evident
in our order booking of ₹ 4,377 million
for the year, a growth of 7% over the
previous fiscal. What is particularly
heartening is that the growth has been
spread across all major end-user
segments such as Distillery, Waste-to-
energy applications, Cement, Food
Industry, Chemical, Paper, Steel and
Sugar co-generation etc. This indicates
a welcome all-encompassing positivity
in the business environment, which
had been reeling under the impact of
economic volatility.
