Triveni Engineering And Industries Limited · NSE:TRIVENI
Triveni Engineering And Industries — Q4 FY2022 Earnings Presentation
65 slides from Triveni Engineering And Industries's earnings presentation, June 2022
Slide 1: Cover letter to stock exchanges
..z..p,vsn, · · ENGINEERING & INDUSTRIES LTD. ~ +91 1204308000 ••• +91 1204311010/11 e www.trivenigroup.com REF TElL SE Dat e: 3pt May, 2022 BSE Limited National Stock Exchange of India Ltd., Department of Corporate Services, Listing Department Rotunda Building, P.J. Tower, Exchange Plaza, 5th Floor
Slide 2: Investor Presentation Q4/FY 22
Investor Presentation Q4/ FY 22 June 2022
Slide 3: Agenda
AGENDA ABOUT THE COMPANY FINANCIAL PERFORMANCE OVER THE YEARS PERFORMANCE REVIEW 4Q/FY 22 ABOUT OUR BUSINESSES 2
Slide 4: Company Overview
COMPANY OVERVIEW Integrated and diversified conglomerate in areas of sugar and engineering Located strategically in sugarcane-rich western and central belt of Uttar Pradesh One of India’s leading sugar manufacturers Efficient, sustainable and complete water/wastewater treatment solutions provider, a
Slide 5: Triveni at a Glance
TRIVENI AT A GLANCE 61000 104.5 Tonnes per day Sugarcane Mega Watt crushing capacity Power Co-generation LOCATION 520* >10,500 7 Sugar units Kilo Liter Per Day (KLPD) PTB installations 3 Distillery units Alcohol/Distillery capacity across the world ~10,000 ~ ` 7,522 32.2% MLD Crore Free Float Water
Slide 6: Pan India Footprint
PAN INDIA FOOTPRINT ~198K Hectare Area under Sugarcane 300K+ Farmer Network 61000 TRIVENI SUGAR & DISTILLERY UNITS Tonnes per day crushing capacity TR IV ENI WATER PROJECTS TRIVENI POWER TRANSMISSION 5
Slide 7: Our Sugar & Distillery Units' Locations
OUR SUGAR & DISTILLERY UNITS‘ LOCATIONS Milak Narayanpur Deoband Rani Nangal Sugar & Incidental Co-Gen, Multi-feed Distillery Sugar & Co-Gen Sugar Khatauli Refined Sugar & 2 Co-Gen units Muzaffarnagar Multi-product Distillery Ramkola Sugar Sabitgarh Refined Sugar, Pharma Sugar & Chandanpur Incidenta
Slide 8: Founding Principles
FOUNDING PRINCIPLES Ethics Product Quality Technology Strong Relationships Sustainability • Professional and • Best in class • Consistent R&D • Sustainable • Leadership in all transparent manufacturing of technology to solutions that our business lines business practices surpass customer create a hi
Slide 9: Our Financial Performance Over the Years
OUR FINANCIAL PERFORMANCE OVER THE YEARS ` Crore Revenue from Operations FY 22: (Net of Excise Duty) 4,674 ▪ Sugar Business – Improved domestic sugar 6,000 4,291 5,000 prices 71 270 5,000 136 515 261 185 ▪ Alcohol Business – Higher dispatches 4,000 130 668 leading to growth in turnover 3,000 3,000 ▪
Slide 10: Highest Ever Profitability in FY 22
HIGHEST EVER PROFITABILITY IN FY 22 ` Crore Segment Profit Before Interest and Tax FY 22: 700 (PBIT) 627 543 31 600 ▪ Marked increase in profitability across segments 27 64 500 41 149 ▪ Sugar business PBIT margins increased driven by 101 400 better realisations 300 ▪ Alcohol business margins improve
Slide 11: Bottomline Growth of 40%+ in FY 22
BOTTOMLINE GROWTH OF 40%+ IN FY 22 ` Crore FY 22 EBITDA Growth 11.6% y-o-y FY 22 PAT Growth 43.9% y-o-y EBITDA and EBITDA Margins* Profit After Tax (PAT) 15.3% 700 13.1% 16.0% 12.6% 600 656.58 14.0% 11.8% 424.06 500 579.44 588.61 12.0% 400 10.0% 335.12 294.61 300 372.52 8.0% 216.28 200 6.0% 100 4.0%
Slide 12: Our Financial Performance Over the Years
OUR FINANCIAL PERFORMANCE OVER THE YEARS ` Crore Total Debt Total Debt To Equity (x times) 1.51 1,725.9 1,558.2 1,568.0 1.16 0.82 994.0 0.64 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 Capital Discipline and Focus on Balance Sheet health 11
Slide 13: Improving Cost of Debt and Credit Rating
IMPROVING COST OF DEBT AND CREDIT RATING Average Cost of Debt Long-term credit rating 7.9% ICRA AA (Stable) * 6.3% 6.1% 5.0% ICRA AA- ICRA AA- ICRA AA- (Stable) (Stable) (Stable) FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 Note: *Upgraded to ICRA AA- (Positive) on 06.04.21 and further upgraded t
Slide 14: Consistent Focus on Enhancing Returns
CONSISTENT FOCUS ON ENHANCING RETURNS ROE (%) ROCE (%) 27.0% 24.5% 19.9% 20.7% 17.9% 18.1% 20.4% 13.1% FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22 Maximising operational performance across businesses Enhancing returns consistently over the years 13
Slide 15: Enhancing Shareholder Returns
ENHANCING SHAREHOLDER RETURNS ` Crore Dividend Payout Ratio (%) Dividend Payout 21% 78.6 15% 10% 10% 42.3 32.9 21.8 FY 19 FY 20 FY 21 FY 22 FY 19 FY 20 FY 21 FY 22* The Company completed buyback of ₹ 100 crores and ₹ 65 crores in * including final dividend of ₹2 declared for FY 22 which is subject t
Slide 16: Agenda
AGENDA ABOUT THE COMPANY FINANCIAL PERFORMANCE OVER THE YEARS PERFORMANCE REVIEW 4Q/FY 22 ABOUT OUR BUSINESSES 15
Slide 17: Key Highlights
KEY HIGHLIGHTS Revenue from Highest ever Profit after Tax Board recommends On April 4, 2022, Operations (Net of profitability with at ` 424.06 crore, final dividend of commenced excise duty) at Profit before Tax at a growth of 43.9% ₹ 2 per equity operations of new multi-feed distillery ₹ 4,290.94 c
Slide 18: Highest Ever Profitability in FY 22
HIGHEST EVER PROFITABILITY IN FY 22 ` Crore Q4 FY 22 Q4 FY 21 Change (%) FY22 FY 21 Change (%) Revenue from Operations (Gross) 1,192.12 1188.07 0.3% 4,694.04 4703.35 -0.2% Revenue from Operations 1,070.03 1,160.08 -7.8% 4,290.94 4,674.17 -8.2% (Net of excise duty) EBITDA 177.66 174.72 1.7% 656.59 58
Slide 19: Stellar Prospects for Engineering Business
STELLAR PROSPECTS FOR ENGINEERING BUSINESS ` Crore Power Transmission Closing Order Book Water Business Closing Order Book including O&M +33% +66% 1512.8 221.3 166.2 912 FY 21 FY 22 FY 21 FY 22 Both power transmission and water business ended FY 22 with impressive order booking With a strong tenderi
Slide 20: Sugar Operational Performance
SUGAR OPERATIONAL PERFORMANCE Sugarcane Crushed (Million Tonnes) Recovery (%) 11.70 11.59 6.9 6.61 10.90 10.57 SS 2020-21 (OCT'20-MAR'21) SS 2021-22 (OCT'21 - MAR'22) SS 2020-21 SS 2021-22 (OCT'20 – MAR'21) (OCT'21 – MAR'22) Gross Recovery Net Recovery Sugar Production (Tonnes) Late start to sugar s
Slide 21: Sugar
SUGAR Sugar Dispatches (Tonnes) Export Realization price (₹/MT) Ex-Mill Price (excluding subsidy) 223665 38066 Domestic 25959 25785 +14.3% +5.8% 102934 879568 806093 24381 171368 195953 4Q FY 21 4Q FY 22 FY 21 FY 22 Domestic Exports 4Q FY21 4Q FY22 FY 21 FY 22 Domestic Realization price (₹/MT) No ex
Slide 22: Premium Product Mix Leading to Higher Realisations
PREMIUM PRODUCT MIX LEADING TO HIGHER REALISATIONS Triveni Sugar Realization (Domestic) FY'21- Vs FY'22 (`/Qtl) 3,732 3,761 3,639 3,527 3,539 3,513 3,478 3,488 3,394 3,340 3,307 3,276 3,339 3,333 3,327 3,311 3,289 3,274 3,263 3,257 3,267 3,224 3,203 3,168 April May June July August September October
Slide 23: Sugar: Strong Profitability in 4Q FY 22; High Closing Inventory
SUGAR: STRONG PROFITABILITY IN 4Q FY 22; HIGH CLOSING INVENTORY ` Crore SUGAR REVENUE PBIT -14.7% 992.20 +15.6% 122.44 846.81 105.93 4Q FY 21 4Q FY 22 4Q FY 21 4Q FY 22 Lower sugar dispatches by 29% (or by 7.8 lakh quintals), no sugar exports made in the current quarter as against 10.3 lakh quintals
Slide 24: Improved Sugar Profitability in FY 22 Despite Lower Volumes
IMPROVED SUGAR PROFITABILITY IN FY 22 DESPITE LOWER VOLUMES ` Crore SUGAR REVENUE PBIT 390 +3.2% -14.5% 4063.11 386.51 380 3473.85 370 374.5 360 FY 21 FY 22 FY 21 FY 22 Lower sugar dispatches by 23% (or by 25.9 lakh quintals), including lower exports by 18.6 lakh quintals Improvement in domestic sug
Slide 25: Higher Alcohol Realisations and Sales in FY 22
HIGHER ALCOHOL REALISATIONS AND SALES IN FY 22 Alcohol Production (KL) Alcohol Sales (KL) +13.7% 107027 107604 +23.8% 117837 103637 30209 28736 26818 21668 4Q FY 21 4Q FY 22 FY 21 FY 22 4Q FY 21 4Q FY 22 FY 21 FY 22 Avg. Realisation (₹/ltr) Higher sales volumes and improved realisations due to produ
Slide 26: Robust Financial Performance in the Alcohol Segment
ROBUST FINANCIAL PERFORMANCE IN THE ALCOHOL SEGMENT ` Crore NET REVENUE* PBIT ALCOHOL +29.9% +47.8% 668.5 149.4 514.6 101.1 FY 21 FY 22 FY 21 FY 22 * Revenue net of excise duty NET REVENUE* PBIT +25.8% +7.3% 161.6 128.5 30.6 28.5 4Q FY 21 4Q FY 22 4Q FY 21 4Q FY 22 * Revenue net of excise duty Highe
Slide 27: Record Performance in Power Transmission in FY 22
RECORD PERFORMANCE IN POWER TRANSMISSION IN FY 22 ` Crore REVENUE PBIT POWER TRANSMISSION +42% 184.6 +57% 64.2 130.1 40.9 FY 21 FY 22 FY 21 FY 22 REVENUE PBIT +26% 66.6 +21% 53 24.1 19.9 4Q FY 21 4Q FY 22 4Q FY 21 4Q FY 22 Revenue growth across segments in FY 22 including strong growth in exports Ex
Slide 28: Power Transmission Business Is Well Poised for Growth
POWER TRANSMISSION BUSINESS IS WELL POISED FOR GROWTH POWER TRANSMISSION ` Crore Order Booking Closing Order Book +59% +33% +24% 251 221.3 157.8 166.2 74.26 59.7 4Q FY 21 4Q FY 22 FY 21 FY 22 FY 21 FY 22 Demand outlook remains positive in key sectors Capital expenditure in Power, Steel, Refinery, Fe
Slide 29: Water Business Improved Profitability in FY 22
WATER BUSINESS IMPROVED PROFITABILITY IN FY 22 ` Crore REVENUE PBIT WATER +4% +16% 31 270.2 260.7 26.7 FY 21 FY 22 FY 21 FY 22 REVENUE PBIT -29.0% +25.1% 12.4 101.5 8.8 81.1 4Q FY 21 4Q FY 22 4Q FY 21 4Q FY 22 Profitability is higher due to better cost control and efficient project execution 28
Slide 30: Impressive Growth in Water Business Order Booking
IMPRESSIVE GROWTH IN WATER BUSINESS ORDER BOOKING ` Crore WATER Order Booking Closing Order Book* +79% +66% 186.5 333.4 1512.8 161.3 912 13.8 4Q FY 21 4Q FY 22 FY 21 FY 22 FY 21 FY 22 Strong pipeline, planning to participate in significant tenders in the coming year Well positioned with respect to p
Slide 31: Modernization, Expansion Plans
MODERNIZATION, EXPANSION PLANS Noted that the expansion of existing distillery at Sabitgarh, District Bulandshahr, Uttar Pradesh has completed and the same is now operating at 200 KLPD. With this, the total distillation capacity of the Company has been increased to 520 KLPD. Further expansion 660 KL
Slide 32: Agenda
AGENDA ABOUT THE COMPANY FINANCIAL PERFORMANCE OVER THE YEARS PERFORMANCE REVIEW 4Q/FY 22 ABOUT OUR BUSINESSES - SUGAR 31
Slide 33: Global Sugar Outlook
GLOBAL SUGAR OUTLOOK Prospects of a balanced market in 2022-23, compared with a deficit of around 3.2 million tonnes in 2021-22 season Production recovery expected in Thailand in 2022-23 crushing season to ~11.5 million tonnes from ~10.3 million in current season Good rains in Brazilian are expected
Slide 34: The Indian Sugar Industry Is Moving Away from Cyclicality
THE INDIAN SUGAR INDUSTRY IS MOVING AWAY FROM CYCLICALITY Structural shift from a cyclical industry into more secular and consistent performance-based industry Consistent production much above the consumption levels, has led to a surplus and India becoming a regular exporter of sugar India expected
Slide 35: Recent Export Regulation Is a Positive for the Indian Sugar Industry
RECENT EXPORT REGULATION IS A POSITIVE FOR THE INDIAN SUGAR INDUSTRY Central Government to regulate sugar exports w.e.f June 1, 2022. Government will allow sugar exports up to 10 million tonnes up to October 31, 2022 Export contracts (predominantly raw sugar) up to May 25, 2022 total 9.0 million ton
Slide 36: Pricing Is on the Uptrend
PRICING IS ON THE UPTREND Domestic realizations improved ~ ₹ 2200/MT on average for India and ~ ₹ 2900/MT for Triveni during Oct 2021- Apr 2022 vs. previous period “Prices of sugar are under control” as per Government, indicating comfort with current and future pricing Sugar & Confectionery accounts
Slide 37: India Sugar: Strong Production and Higher Realisations
INDIA SUGAR : STRONG PRODUCTION AND HIGHER REALISATIONS SUGGEST CYCLICALITY IS A THING OF THE PAST +2.0 million +3.5 million +4.5 million tonnes* tonnes* tonnes* 40.0 3,700.0 # 4,000.0 3,622.8 3,624.4 3,502.0 35.5 35.0 35.0 33.2 3,318.4 3,270.3 3,500.0 32.5 31.2 3,145.6 30.0 2,665.7 3,000.0 27.4 25.
Slide 38: India Sugar Balance Sheet: Stable Closing Stocks
INDIA SUGAR BALANCE SHEET: STABLE CLOSING STOCKS OF ~6.2 MT EXPECTED FOR SUGAR SEASONS (SS) 2021-22 AND 2022-23 +2.0 +3.5 +4.5 million million million tonnes* tonnes* tonnes* 40.0 35.5 35.0 # 35.0 31.2 30.0 28.0 26.6 27.5 Million tonnes 25.0 20.0 15.0 10.7 10.0 10.0 8.2 7.2 7.0 8.2 6.2 6.2 6.2 5.0 -
Slide 39: India Sugar Production and Diversion Highlights
INDIA SUGAR PRODUCTION AND DIVERSION HIGHLIGHTS (million tonnes) Region Sugar Production Diversion for Ethanol Production SS 2021-22 (E) SS 2020-21 SS 2021-22 (E) SS 2020-21 India 35.50 31.20 3.50 2.01 Uttar Pradesh 10.25 11.06 1.25 0.69 Maharashtra 13.80 10.64 1.10 0.71 Karnataka 6.10 4.43 0.73 0.5
Slide 40: The Triveni USP
THE TRIVENI USP Strategic Location: Presence in Western and Central UP which has one of the best cane area with high yields and water availability. Strong farmer relations, timely cane payment resulting in high drawl rates and good cane productivity Product Mix and Price Benefit: production of ~40%
Slide 41: Our Sugar Business Initiatives
OUR SUGAR BUSINESS INITIATIVES Announced modernization of three of the existing sugar units at Khatauli, Deoband and Sabitgarh in Uttar Pradesh at a total cost of ~ ₹130 crore, to be completed by October'2022 Structured Cane Development Programme to gradually replace the star Co-0238 variety by othe
Slide 42: Agenda
AGENDA ABOUT THE COMPANY FINANCIAL PERFORMANCE OVER THE YEARS PERFORMANCE REVIEW 4Q/FY 22 ABOUT OUR BUSINESSES - ALCOHOL 41
Slide 43: Alcohol Segment Driven by Ethanol Demand
ALCOHOL SEGMENT DRIVEN BY ETHANOL DEMAND Ethanol Demand Drivers Government actively promoting the production and blending of fuel ethanol with petrol, and has targeted 20% blending (EBP20) by 2025. Need of ~1,000 crore litres of ethanol in order to achieve 20% blending in the country and an even hig
Slide 44: India's Ethanol Blending Road Map, 2025-26
INDIA’S ETHANOL BLENDING ROAD MAP, 2025-26 13440 12880 9830 6600 6280 8280 7070 3830 5920 2930 2670 4230 1920 1660 6600 6840 5350 6000 4000 4400 2570 19-20 20-21 21-22 22-23 23-24 24-25 25-26 Sugar Based Ethanol Grain Based Ethanol Ethanol production projections (in million ltrs) Source: Roadmap For
Slide 45: Triveni's Alcohol Business
TRIVENI‘S ALCOHOL BUSINESS 3 facilities with capacity of 520 KLPD including 160 KLPD multi-feedstock facility at Milak Narayanpur Produce Extra Neutral Alcohol, which is used to produce high quality potable alcohol; and fuel-grade ethanol Strong Environment, Health, Safety and Sustainability capabil
Slide 46: Our Alcohol Business Initiatives
OUR ALCOHOL BUSINESS INITIATIVES Capacity expansion: Achieved overall capacity of 520 KLPD with enhancement of operations at Sabitgarh from 160 KLPD to 200 KLPD. Advanced stage to commission 60 KLPD grain distillery. Overall capacity will be further expanded through greenfield and brownfield project
Slide 47: Agenda
AGENDA ABOUT THE COMPANY FINANCIAL PERFORMANCE OVER THE YEARS PERFORMANCE REVIEW 4Q/FY 22 ABOUT OUR BUSINESSES – POWER TRANSMISSION 46
Slide 48: Diverse Product Portfolio Addressing a Multitude of Industries
DIVERSE PRODUCT PORTFOLIO ADDRESSING A MULTITUDE OF INDUSTRIES High power & high speed gears designed for steam turbines, gas turbines, compressors, pumps, blowers, and other special purpose industry applications Niche low speed gearboxes for mini hydel turbines, steel mills, sugar mills, rubber mix
Slide 49: Multi-Pronged Strategy in Power Transmission Business
MULTI-PRONGED STRATEGY IN POWER TRANSMISSION BUSINESS Pillars of our strategic approach: World-class technology Automation & Digitalisation Associations & tie-ups Cost management & efficiencies 48
Slide 50: Foray into Defence
FORAY INTO DEFENCE Our Defence Portfolio: Propulsion Gearboxes and other critical gearboxes Critical Turbo and Motor-driven Pumps Gas Turbine Generators for auxiliary power Steam Turbines to complex Turbo-Auxiliaries Fin Stabilisers Propulsion System Integration Propulsion Shafting Solutions for Ste
Slide 51: Power Transmission Business Highlights
POWER TRANSMISSION BUSINESS HIGHLIGHTS Among the largest engineered to order turbo gear manufacturer Centred on Operational Excellence: Integrated plant located in Mysuru, Karnataka with state of the art infrastructure Industry leading Product delivery cycle: Ranging from few weeks to 6 months for f
Slide 52: Our Power Transmission Business Initiatives
OUR POWER TRANSMISSION BUSINESS INITIATIVES Approved expansion of power transmission business at a total cost of ~ ₹ 80 crore, which shall be completed by March 2023 Signing of a 10-year business agreement with GEAE Technology USA to locally manufacture the LM2500 gas turbine base and enclosure The
Slide 53: Agenda
AGENDA ABOUT THE COMPANY FINANCIAL PERFORMANCE OVER THE YEARS PERFORMANCE REVIEW 4Q/FY 22 ABOUT OUR BUSINESSES - WATER 52
Slide 54: Water & Wastewater Opportunities and the Way Forward
WATER & WASTEWATER OPPORTUNITIES AND THE WAY FORWARD Global water crisis: Increased demand for water resources, more than 2 billion people globally live in water stressed countries. Situation is getting worse with climate change Water is undervalued, and proper incentives are not in place to use wat
Slide 55: Water: Triveni's Customised and Sustainable Futuristic Solutions
WATER: TRIVENI‘S CUSTOMISED AND SUSTAINABLE FUTURISTIC SOLUTIONS CUSTOMERS MODES OF OPERATION Industrial End-to-end Turnkey / EPC offerings Municipal Build, Own, Operate, Transfer (BOOT) model Specialized projects Private Public Partnership (PPP) TYPES OF PROJECTS Water treatment (Raw, Process, Desa
Slide 56: Water Business Highlights
WATER BUSINESS HIGHLIGHTS EPC solutions for water/wastewater treatment and recycling of water, for industrial and municipal applications ~10,000 Million Liters Per Day (MLD) water treated >2,000 process equipment supplied and commissioned Executed some of the largest projects in India 55
Slide 57: Select Ongoing Water & Wastewater Projects
SELECT ON GOING WATER & WASTEWATER PROJECTS Awarded the Pali HAM/PPP project Awarded the Bhiwadi 6 MLD Zero Liquid Discharge project 205 MLD STP (3 Phases) at Kondli based upon new NGT norms for Delhi Jal Board funded by JICA, under YAP(III) package K3 210 MLD WTP at Greater Noida for Greater Noida
Slide 58: Mathura Wastewater Management Private Limited (MWMPL)
MATHURA WASTEWATER MANAGEMENT PRIVATE LIMITED (MWMPL) – A 100% SUBSIDIARY OF TEIL • MWMPL has undertaken Integrated Sewerage Management project for Holy city of Mathura (Uttar Pradesh) under one-city-one-operator framework under PPP/HAM mode, a noble concept under Namami Gange program of Ministry of
Slide 59: Pali ZLD Private Limited (PZPL)
PALI ZLD PRIVATE LIMITED (PZPL) – A 100% SUBSIDIARY OF TEIL • PZPL is executing a 12,000 M3 per day (12 MLD) capacity Textile wastewater treatment plant for effluent being generated by over 500 industrial units in one of the industrial clusters of Pali district in Rajasthan. The project was awarded
Slide 60: Shareholding Pattern
SHAREHOLDING PATTERN 5.3% 4.6% 68.4% 17.3% 0.1% 1.6% 2.7% Promoters Foreign Portfolio Investors Mutual Funds Resident Individuals Alternate Investment Funds Corporate Bodies Others Note: As at end of March 2022 59
Slide 61: TTL Divestment: Unlocking Value for Stakeholders
TTL DIVESTMENT: UNLOCKING VALUE FOR STAKEHOLDERS Triveni Engineering & Industries’ Board of Directors have announced decision to divest its 21.85% stake in Triveni Turbine Limited (TTL) The Board has approved sale of a minimum of 10% and up to 12% of the equity share capital of TTL held by TEIL to M
Slide 62: Terms of the Transaction
TERMS OF THE TRANSACTION Sale of minimum of 10% and upto 12% of TTL owned by TEIL to Mr. Dhruv Sawhney (and others) subject to shareholders’ approval Sale to Mr. Dhruv Sawhney being concluded on the stock exchange within 6 months from the date of receipt of approval from the shareholders or Mar 31,
Slide 63: Safe Harbour/Legal Disclaimer
SAFE HARBOUR/LEGAL DISCLAIMER Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concern
Slide 64: Investors Contact
INVESTORS CONTACT Surabhi Chandna Gavin Desa/ Rishab Brar Triveni Engineering & Industries Ltd. Citigate Dewe Rogerson Tel. +91 120 430 8000 Fax : +91 120 431 1010 Tel: +91 22 66451237/1235 ir@trivenigroup.com gavin@cdr-india.com / rishab@cdr-india.com www.trivenigroup.com 63
Slide 65: Thank You
a a . Piven ENGINEERING & INDUSTRIES LTD. 64
Triveni Engineering & Industries — Q4 FY2022 Earnings Presentation on 6ix