Welcome to the Annual Report 2022-23 of Triveni Engineering & Industries Limited (TEIL). This year’s theme is “Investing in Growth, Capitalising on Opportunities”.
At TEIL, our business strategy revolves around identifying and harnessing growth opportunities to achieve sustainable long-term value creation for our stakeholders. We have seized significant leadership opportunities in a rapidly evolving and competitive environment.
Our primary objective is to foster growth and returns across all our segments. To accomplish this, we diligently select and invest in opportune ventures. In FY 23, we strategically allocated our capital expenditure (CapEx) in the Sugar business. This investment focusses on modernisation and efficiency improvements at our various manufacturing units, with further CapEx earmarked for future business expansion. Additionally, we are actively pursuing capacity growth in our Engineering businesses, particularly in the promising Power Transmission and Defence segments. By investing wisely, we aim to propel our Company’s near-term growth and position TEIL for future achievements.
As part of our commitment to enhancing returns for our shareholders, we divested our stake in Triveni Turbine Limited (TTL) in FY 23, unlocking significant value in the process. This strategic move aligns with our overarching focus on expansion in our core assets. By divesting, we unlocked value for shareholders, and unbundled businesses, paving the way for long-term succession planning and facilitating focussed management towards inclusive and value-driven growth at TEIL.
In this Annual Report, we delve deeper into our investment strategies, explore the potential of capitalising on opportunities, and highlight the steps we have taken to ensure sustained growth. Join us as we showcase the initiatives that make TEIL future-ready and equipped to embrace the next phase of growth.
