ANNUAL REPORT 2023-24
The future is brimming with opportunities and holds immense potential. At Triveni Engineering & Industries Limited (TEIL), we are not just prepared to embrace it but are also strategically investing to shape it, driving innovation and excellence to ensure long-term success and value creation.
At TEIL, we are inspired by a tomorrow where we stay at the forefront of opportunities and consolidate our prominent market position. We deliver superior performance while creating enduring impact, including empowering our farmer partners and advancing India’s self-reliance, supporting the nation’s fuel and water security, and addressing our industrial customers’ needs with innovative solutions. And, where we create value for all stakeholders.
In recent years, we have been on a transformational journey…
Expanding capacities and improving operational excellence in Sugar and Alcohol businesses
Enhancing R&D capabilities in Engineering businesses
Reinforcing management and people bandwidth to initiating digital transition and embedding technology
Strengthening financial foundation
Scaling sustainability practices
In FY 24, we embarked upon new capacity additions in Sugar and Alcohol businesses, gearing them for future opportunities. In the promising Power Transmission business including Defence, we not only continued existing expansion projects but further scaled our investments.
These proactive investments put TEIL in a position of strength, to deliver scalable and sustainable growth and augment value for all stakeholders.
