Triveni Engineering & Industries

{{Infobox company

| name = Triveni Engineering & Industries Limited

| logo =

| logo_size =

| logo_upright =

| logo_alt =

| logo_caption =

| image =

| image_size =

| image_upright =

| image_alt =

| image_caption =

| former_name = The Ganga Sugar Corporation Limited
Gangeshwar Limited

| type = Public

| traded_as = {{NSE|TRIVENI}}
{{BSE|532356}}

| ISIN = INE256C01024

| industry = Conglomerate

| genre =

| founded = {{Start date and age|df=yes|1932|07|27}}

| hq_location =

| hq_location_city = Noida

| hq_location_country = India

| num_locations =

| num_locations_year =

| area_served = India

| key_people = Dhruv M. Sawhney (Chairman & Managing Director)
Tarun Sawhney (Vice Chairman & Managing Director)
Nikhil Sawhney (Director)

| products =

| brands =

| services =

| revenue ={{Increase}}{{INR}}4698.33 crore

| revenue_year = March 2021{{cite web |title=Triveni Eng.&Ind.Ltd Profit and Loss |url=https://economictimes.indiatimes.com/triveni-engineering-industries-ltd/profitandlose/companyid-4301.cms |publisher=The Economic Times |date=March 2021}}

| parent =

| website = {{URL|https://www.trivenigroup.com/}}

}}

Triveni Engineering & Industries Limited (TEIL) is an Indian conglomerate with diversified businesses in sugar and engineering, headquartered in Noida, India.{{cite book |last1=Agarwala |first1=R.P. |title=The Triveni Engineering Works Limited |date=1981 |publisher=Eastern Economist, the University of Michigan |page=282 |url=https://books.google.com/books?id=uBAoAAAAMAAJ&q=Triveni%20Engineering |access-date=30 January 2007}}{{cite news |last1=Chakraborty |first1=Shruti |title=Triveni Engineering Spins Off Turbine Unit |url=https://www.wsj.com/articles/SB10001424052748703864204576316432688254692 |publisher=The Wall Street Journal |date=11 May 2011}} It was founded in 1932. The company is engaged in sugar and alcohol, including ethanol production, power co-generation, power transmission, including industrial gears & gearboxes and defence, water treatment solutions and FMCG brands.{{cite book |last1=C. S. G. |first1=Krishnamacharyulu |title=Rural Marketing: Text And Cases, 2/E |date=September 2011 |publisher=Pearson Education |isbn=9788131732632 |url=https://books.google.com/books?id=sD0uUKp2UBsC&dq=Triveni+Engineering&pg=PA347}}{{cite journal |author1=Swami Smaranananda |author1-link=Swami Smaranananda |title=In the company of the holy mother |journal=Prabuddha Bharata |date=1981 |volume=86 |publisher=Advaita Ashrama |oclc=781901638 |quote=The Triveni Engineering Works Limited Are leaders in the manufacture of machinery required in the Sugar, Chemical, Fertilizer, Paper, Metallurgical and other Process Industries .}} It is the second-largest sugar producer in India.{{cite news |last1=Joshi |first1=Ashutosh |title=Sugar Mill With 200% Stock Rally Looks to Ride Modi's Green Push |url=https://www.bloomberg.com/news/articles/2021-12-07/sugar-mill-with-200-stock-rally-looks-to-ride-modi-s-green-push |publisher=Bloomberg News |date=7 December 2021}}{{cite news |last1=Mirchandani |first1=Nickey |title=Why Dhampur Sugar To Triveni Are On Track To Reap Better Margins |url=https://www.bloombergquint.com/business/why-dhampur-sugar-to-triveni-are-on-track-to-reap-better-margins |publisher=BloombergQuint |date=26 May 2021}}{{cite book |last1=Advani |first1=A. H. |title=Business India Issues 706-712 |date=March 2005 |publisher=Business India, the Northwestern University |page=41 |quote=Today, Triveni Engineering and Industries Limited, with its three plants, has grown to a combined capacity of 25,250 tcd, making us one of India's largest sugar companies . With more factories on the anvil, Triveni is well ...}}

History

File:Dhruv Sawhney, Chairman, Triveni Engineering & Industries, at the Horasis Global India Business Meeting 2009 - Flickr - Horasis.jpg 2009]]

The company was founded on 27 July 1932, and incorporated under the provisions of Companies Act 1956, as The Ganga Sugar Corporation Limited. It received a certificate of commencement of business on 6 February 1933.{{cite news |title=Board of Triveni Engineering and Industries Gives Approval for Two New Distilleries in UP |url=https://www.news18.com/news/business/board-of-triveni-engineering-and-industries-gives-approval-for-two-new-distilleries-in-up-3388934.html |publisher=News 18 |date=4 February 2021}} It acquired the Khatauli sugar plant in 1952.

In 1973, it was renamed Gangeshwar Limited from The Ganga Sugar Corporation. It was renamed Triveni Engineering & Industries Limited in 2000.{{cite book |title=Industry, Financial Aggregates & Ratios |date=2002 |publisher=Centre for Monitoring Indian Economy |url=https://books.google.com/books?id=FnrtAAAAMAAJ&q=Gangeshwar+Ltd+change |quote=Triveni Engg . Works merged with Triveni Engg & Inds . which was later amalgamated with Gangeshwar Ltd. w.e.f. 31.3.2000 and the name of Gangeshwar Ltd. was changed to Triveni Engg . & Inds . Ltd. Co - operative sugar mills}}

In 2005, it started a rural retail chain, Khushali Bazaar, under its fully-owned retail arm, Triveni Retail Ventures Ltd, which operated in Uttar Pradesh and Uttarakhand. Later, it was shut down in 2013.{{cite news |last1=Modi |first1=Ajay |title=Triveni shuts down rural retail biz |url=https://www.business-standard.com/article/companies/triveni-shuts-down-rural-retail-biz-110041600012_1.html |publisher=Business Standard |date=21 January 2013}}{{cite news |title=Triveni Khushali plans 200 outlets by 2009 |url=https://www.livemint.com/Companies/newxhlSRtNN4U2flppypiJ/Triveni-Khushali-plans-200-outlets-by-2009.html |publisher=Livemint |date=17 July 2007}}{{cite news |last1=Vijayraghavan |first1=Kala |title=Triveni to sell off its rural superstore chain |url=https://economictimes.indiatimes.com/industry/services/retail/triveni-to-sell-off-its-rural-superstore-chain/articleshow/3666204.cms?from=mdr |publisher=The Economic Times |date=3 November 2008}}

In 2007, the company entered the alcohol business by setting up its first distillery in Muzaffarpur, which has a capacity to produce 160 kilo per day. In 2019, the company set up another distillery at Sabitgarh unit with a capacity of 160KLPD.{{citation needed|date=January 2023}}

On 13 June 2018, a concession agreement was signed between National Mission for Clean Ganga (NMCG), Uttar Pradesh Jal Nigam, and Triveni Engineering to develop India's first city-wide integrated sewage infrastructure for Mathura at an estimated cost of over ₹437 crore on a Hybrid Annuity-based mode.{{cite news |last=Purthi |first=Rupali |date=16 June 2018 |title=NMCG, UP Jal Nigam and Triveni Engineering sign agreement for development of sewage infrastructure |url=https://www.jagranjosh.com/current-affairs/nmcg-up-jal-nigam-and-triveni-engineering-sign-agreement-for-development-of-sewage-infrastructure-1528896992-1 |access-date=2024-02-22 |work=Jagran Josh, Dainik Jagaran |publisher=}}

In 2020, the company forayed into the country liquor space by launching four liquor brands, including Miss Rangeeli and Shahenshah.{{cite news |last1=Chaliawala |first1=Nehal |title=Sugar barons push into the country liquor business, strike gold |url=https://economictimes.indiatimes.com/industry/cons-products/liquor/sugar-barons-push-into-the-country-liquor-business-strike-gold/articleshow/86699178.cms |publisher=The Economic Times |date=2 October 2021}} In March 2021, it was assigned to build a desalination plant in the Maldives.{{cite news |last1=Chaudhury |first1=Dipanjan Roy |title=India signs contract to develop water projects across Maldives |url=https://economictimes.indiatimes.com/news/politics-and-nation/india-signs-contract-to-develop-water-projects-across-maldives/articleshow/81553460.cms?from=mdr |publisher=The Economic Times |date=17 March 2021}}

In November 2021, Engineering Power Transmission business signed a 10-year contract with US-based GEAE Technology to manufacture the 'LM2500' gas turbine base and enclosure, which powers many of the Indian Navy's vessels.{{cite news |title=Triveni Engineering inks pact with GEAE Tech to manufacture gas turbine base |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/triveni-engineering-inks-pact-with-geae-tech-to-manufacture-gas-turbine-base/articleshow/87847531.cms?from=mdr |publisher=The Economic Times |date=22 November 2021}}

The company, on 6 February 2025, signed a Memorandum of Understanding (MoU) with Rolls-Royce Marine North America Inc. for collaboration on the programmes for the AG 9160 {{Convert|4|MW|abbr=on}} marine gas turbine generators (GTG) in India.{{Cite news |last= |first= |date=2025-02-06 |title=Triveni Engineering and Industries and Rolls-Royce signs MoU |url=https://www.business-standard.com/markets/capital-market-news/triveni-engineering-and-industries-and-rolls-royce-signs-mou-125020600415_1.html |access-date=2025-03-14 |work=Business Standard |language=en-IN}}{{Cite news |last= |first= |date=2023-01-28 |title=GRSE signs MoU to manufacture Rolls Royce marine engines in India |url=https://www.thehindu.com/business/Industry/grse-signs-mou-to-manufacture-rolls-royce-marine-engines-in-india/article66443766.ece |access-date=2025-03-14 |work=The Hindu |language=en-IN |issn=0971-751X}}

Operations

The company operates seven sugar mills at Khatauli, Deoband, Sabitgarh, Chandanpur, Rani Nangal, Milak Narayanpur and Ramkola in Uttar Pradesh. The company also has two co-generation power plants at Khatauli (46 MW), Deoband (22 MW) and a 160000 litre per day capacity distillery in Muzaffarnagar.{{cite news |last1=Kapoor |first1=Rajiv |title=Triveni Engineering is a good buy |url=https://www.sundayguardianlive.com/opinion/10708-triveni-engineering-good-buy |publisher=The Sunday Guardian |date=2 September 2017}} TEIL has co-generation plants with a total capacity to generate power of 105 MW.

It has gear manufacturing facility in Mysore. It is engaged in manufacturing high-speed gears and gearboxes of up to 70MW capacity with speeds of 70,000 RPM.{{cite news |title=Triveni Engineering sees recovery trend in gear business |url=https://www.thehindubusinessline.com/companies/triveni-engineering-sees-recovery-trend-in-gear-business/article32344911.ece |publisher=The Hindu Business Line |date=13 August 2020}}

The company also sells refined sugar (40 per cent) and produces pharma grade sugar, which it sells mainly through institutional buyers, like soft drinks, candy and ice-cream makers. TEIL is also into water treatment solutions and has undertaken various sewage treatment projects. The company has got 120 plants working over the last few decades. In the EPC division, Triveni had undertaken hydel projects, waste treatment and water projects and coal beneficiation and minerals concession projects.{{cite news |last1=Parikh |first1=Daksesh |title=Triveni Engineering soars high |url=https://businessindia.co/magazine/triveni-engineering-soars-high |publisher=Business India |date=18 May 2021}}

The company is engaged in manufacturing defence products mainly related to the Indian Navy. Their defence supplies include propulsion systems, steam turbines and turbo steam engines. Its 80 per cent of the business comes from sugar production, while its ethanol business contributes to about 10 per cent of the turnover.

Financials

In FY21, the company reported a revenue of {{INRConvert|4698.33|c|0}} with a profit (EBIT) of {{INR}}505.14 crore.

Awards and recognition

The company was ranked at 5 in the list of 'Top 10 Sugar Companies by Highest Sales in India', by Indiastat India Top 10 Yearbook 2016.{{cite book |title=Indiastat India Top 10 Yearbook 2016 |date=2016 |publisher=Publication Cell, Datanet India Pvt. Limited |isbn=9789380590608 |page=79 |url=https://books.google.com/books?id=csMyDwAAQBAJ&dq=Triveni+Engineering&pg=PA79}}
It was awarded the Frost & Sullivan Growth Excellence Award in the water and wastewater treatment industry category by Frost & Sullivan in 2010.{{cite web |title=Triveni Engineering Awarded |url=https://www.cleanindiajournal.com/triveni_engineering_awarded/ |publisher=Clean India Journal |date=1 March 2011}}
The company won the Greentech Platinum Safety Award and Greentech Silver Safety Award.{{cite web |title=Seeds of Success |url=https://www.bseindia.com/bseplus/AnnualReport/532356/5323560318.pdf |website=bseindia.com}}
The Khatauli co-generation plant won the Gold award in EKDKN Innov Award 2017 under the OHS category in power.
In 2017, the distillery unit won the Golden Peacock Business Excellence Award in the chemical sector from the Institute of Directors (India).