Triveni Engg sees engineering biz growth at 40%

MUMBAI: Diversified Triveni Engineering and Industries expects its engineering unit revenue to grow 40 percent in the year to September 2010 riding on robust order enquiries and strong margins, a senior official said on Monday.

Triveni, which had an order book of 8.5 billion rupees as of end-March, expects it to rise to 11 billion rupees by June-end, Executive Director Nikhil Sawhney told Reuters over the telephone.

"Order enquiries (in the engineering business) are very strong. All segments, water, turbine, gear, are showing growth both in topline and order book... it may be more for the water segment as it is growing rapidly," Sawhney said.

The firm, which also produces sugar, is in the process of demerging its turbine business into a separate entity and has formed a joint venture with a unit of General Electric Co to manufacture steam turbines in India.