Triveni Turbines , a leading manufacturer of industrial steam turbines, has made a significant leap in clean energy technology with the launch of India's first CO₂-based high-temperature heat pump. This innovative product marks a major milestone in the company's commitment to providing sustainable industrial heating and cooling solutions.

Groundbreaking Technology

The newly unveiled heat pump is capable of delivering heat up to 122°C and achieving a Coefficient of Performance (COP) of 6.00. This level of performance is considered best-in-class globally for high-temperature heat pumps operating above 100°C, especially under tropical climate conditions.

Environmental Impact

Unlike conventional heat pumps that use synthetic refrigerants with high global warming potential, Triveni's new solution uses carbon dioxide (CO₂ or R-744) as a refrigerant. CO₂ is a natural, non-toxic, and non-flammable substance with zero Ozone Depletion Potential (ODP) and a Global Warming Potential (GWP) of 1.00, making it an environmentally friendly choice.

Energy Efficiency

The heat pump boasts impressive efficiency metrics, being up to 3 times more efficient than conventional electric heating solutions and significantly more efficient than average commercial heat pumps. This high efficiency translates to reduced energy consumption, lower operational costs, and a smaller environmental footprint for industrial users.

Collaborative Development

Dhruv M. Sawhney, Chairman and Managing Director of Triveni Turbines, highlighted the significance of this launch, stating, "It is a moment of pride for us as we unveil pathbreaking innovation that will lead the shift from fossil-fuel based industrial heating and cooling solutions."

The product was developed in technical collaboration with the Indian Institute of Science (IISc), Bengaluru, combining academic research with Triveni Turbines' industrial engineering expertise.

Market Applications

The heat pump is designed for process industries requiring high-temperature heat, such as:

• Pharmaceuticals
• Food and beverages
• Chemicals
• Textiles
• Distilleries
• Pulp & paper
• District heating/cooling

It supports applications like steam generation, pasteurization, distillation, dehydration, dyeing, metal cleaning, and drying.

Make in India Initiative

This next-generation product has been conceptualized, designed, and built entirely in India, reinforcing Triveni Turbines' commitment to the Make-in-India initiative. The company has successfully tested the heat pump at its newly commissioned Heat Pump Test Centre in Bengaluru.

Future Outlook

The launch of this CO₂-based heat pump technology positions Triveni Turbines at the forefront of the clean energy transition in India. As industries face increasing pressure to reduce carbon emissions and improve energy efficiency, this innovative solution provides a practical and future-ready option for industrial heating and cooling needs.

With this launch, Triveni Turbines continues to strengthen its position as a key player in providing energy-efficient and environmentally friendly solutions to industries worldwide.

Triveni Turbines , a leading manufacturer of industrial steam turbines, has announced a final dividend of Rs. 2.00 per equity share for the financial year ended March 31, 2025. The company has set September 1, 2025, as the record date for determining shareholder eligibility. This dividend payout, subject to approval at the upcoming Annual General Meeting on September 8, 2025, is expected to be distributed by October 7, 2025, if approved.

The dividend announcement comes alongside the release of Triveni Turbine's financial results for the first quarter, which reveal a challenging start to the year for the company.

Q1 Financial Performance

For the quarter ended June 30, 2025, Triveni Turbine reported:

• Revenue from operations of Rs. 3,713.00 million, marking a 19.9% decline compared to Rs. 4,633.00 million in the same quarter of the previous year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Rs. 958.00 million, down 16.7% year-on-year.
• Profit After Tax (PAT) of Rs. 644.00 million, a 19.9% decrease from the same quarter last year.

Despite the revenue decline, the company managed to improve its EBITDA margin to 25.8%, an increase of approximately 100 basis points year-on-year.

Order Book and Market Position

Triveni Turbine's order booking for the quarter stood at Rs. 5.36 billion, a 15.8% decrease compared to the same period last year. However, the company reported a record closing order book of Rs. 20.74 billion as of June 30, 2025, representing a 20.2% increase year-on-year.

The domestic order book showed particular strength, growing by 27% to reach Rs. 9.14 billion. Export orders, while still significant, grew at a slower pace of 15% to Rs. 11.60 billion, accounting for 56% of the total order book.

Management Commentary

Mr. Dhruv M. Sawhney, Chairman & Managing Director of Triveni Turbine Limited, commented on the quarter's performance: "Performance in the quarter gone by was disappointing largely on account of deferment of dispatches and orders to coming quarters. Several international customers were reluctant to travel amid geopolitical uncertainties due to India-Pakistan and Israel-Iran tensions, resulting in postponement of inspections delaying the dispatches and revenue recognition."

Despite the challenges, Mr. Sawhney expressed confidence in the company's ability to maintain its growth trajectory for the full financial year.

Looking Ahead

While the first quarter results were below expectations, Triveni Turbine's management remains optimistic about the company's prospects. The record order book provides a strong foundation for future growth, and the company's efforts to realign operations are expected to yield positive results in the coming quarters.

Investors and shareholders will be closely watching the company's performance in the next few quarters to see if it can overcome the current challenges and capitalize on its strong order book position.

The final dividend announcement, subject to shareholder approval, signals the management's commitment to delivering value to shareholders despite the temporary setback in quarterly performance.