Triveni Turbines , a leading manufacturer of industrial steam turbines, has taken a significant step towards advancing energy transition technologies by inaugurating the Triveni Turbines Centre of Excellence at the Indian Institute of Science (IISc), Bengaluru. This new research and development facility, launched on November 21, 2025, aims to drive innovation in turbomachinery and sustainable energy solutions.

Key Highlights of the Centre of Excellence

• Purpose: The centre focuses on developing sustainable, high-efficiency systems to improve industrial process performance, enhance energy efficiency, and reduce carbon emissions.
• Collaboration: Built on a long-standing partnership between Triveni Turbines and IISc, the centre strengthens academia-industry collaboration in energy transition research.
• Previous Success: The partnership has already yielded results, including the development of CO₂ heat pump systems for energy-efficient industrial solutions.

Dhruv Manmohan Sawhney Turbomachinery Chair

In addition to the Centre of Excellence, IISc has established the 'Dhruv Manmohan Sawhney Turbomachinery Chair'. This initiative will:

• Support fundamental and applied research in turbomachinery
• Focus on thermal energy, energy transition solutions, and next-generation sustainable systems
• Encourage future-ready innovation and nurture scientific talent

Impact and Expectations

Mr. Dhruv M. Sawhney, Chairman & Managing Director of Triveni Turbine Ltd., emphasized the importance of collaborative innovation, stating, "The Triveni Turbines Centre of Excellence at IISc will serve as a catalyst for pioneering research in turbomachinery and sustainable energy technologies, while also nurturing the next generation of engineering talent."

Prof. G. Rangarajan, Director of IISc, expressed enthusiasm about the partnership, saying, "We look forward to exciting new research outcomes from these initiatives."

Research Infrastructure and Focus Areas

The Centre of Excellence is equipped with state-of-the-art testing and research infrastructure. It will bring together engineers and researchers to work on:

1. Performance optimization
2. Materials innovation
3. Sustainable design

This initiative reinforces Triveni Turbines' commitment to engineering excellence and its vision of contributing to India's sustainable industrial growth.

About Triveni Turbine Limited

Triveni Turbine Limited is a market leader in industrial steam turbines, with a global presence in over 80 countries. The company specializes in:

• Industrial heat and power solutions
• Decentralized steam-based renewable turbines up to 100 MW
• Aftermarket services for turbines and rotating equipment

Triveni Turbines' diverse clientele spans industries such as Sugar, Distilleries, Steel, Cement, Textiles, Chemicals, Oil & Gas, and many more.

This new Centre of Excellence represents a significant step in Triveni Turbines' ongoing efforts to drive innovation in the energy sector and contribute to sustainable industrial practices.

Triveni Turbine Limited , a leading steam turbine manufacturer, has reported a mixed performance for the second quarter of fiscal year 2026. The company achieved record quarterly order booking of ₹6.52 billion, marking a 14% year-over-year growth, primarily driven by robust domestic demand. This surge has propelled the company's total order book to an all-time high of ₹22.20 billion.

Financial Performance

Despite the impressive order booking, Triveni Turbine's revenue remained relatively flat at ₹5.06 billion for Q2 FY26. The company's aftermarket segment continued to show strength, contributing 35% to the overall turnover.

Segment Performance

The Product segment turnover for the quarter stood at ₹3.29 billion, showing a marginal decline of 2% compared to the previous year. However, the Aftermarket segment achieved a record turnover of ₹1.78 billion, representing an 8% increase year-over-year.

Domestic vs. Export Sales

Domestic sales declined by 20% to ₹2.24 billion, while export sales increased by 27% to ₹2.82 billion. The export contribution to sales increased to 56% in Q2 FY26, up from 44% in the same quarter of the previous year.

Order Booking Trends

The company's record order booking was largely driven by domestic orders, which grew by 52% year-over-year to ₹4.07 billion, now contributing 62% to the overall order booking for the quarter. Export order booking, however, declined by 19% year-over-year to ₹2.46 billion, impacted by global trade uncertainties.

Market Segments and Growth Areas

Triveni Turbine continues to witness strong momentum in domestic markets, particularly in sectors such as steel, sugar, cement, and utility power. The company is also expanding its horizons in the Aftermarket business, offering a wider array of customer solutions beyond industrial steam turbines to other rotating equipment.

Outlook

While the company expects back-ended growth in the second half of FY26, it remains optimistic about its market position and growth trajectory. The management highlighted that the outstanding order book has nearly doubled over the past three years, underscoring the company's strong market position and consistent performance.

New Product Development

Triveni Turbine is focusing on R&D to develop new products, including a carbon dioxide-based heat pump and other innovative solutions. The company reports receiving positive feedback on these technologically robust solutions, which are expected to contribute to future growth.

Challenges and Opportunities

Despite facing some uncertainties in global markets, particularly in the United States due to tariff issues, Triveni Turbine remains confident in its diversified business model. The company is actively expanding its capacity and vendor base to meet the anticipated volume growth in business.

As Triveni Turbine navigates through market uncertainties and capitalizes on emerging opportunities, investors and industry observers will be keenly watching its performance in the coming quarters, especially the expected growth in the second half of FY26.