International Conveyors Ltd

TD Power Systems manufactures generators and motors, catering to multiple industries with reliable and efficient power solutions up to 200 MW. Their products have illuminated cities, powered countless lives, and connected communities across the globe. As per the latest audited financials for FY 2023-24, the company reported a turnover of Rs 1,000.519 crore. The acquisition of 84,620 equity shares was made for investment purposes. The cost of acquisition is Rs 3.001 crore and it was completed through cash consideration on 7 April 2025. The company also clarified that the acquisition does not fall within related party transactions, and neither the promoter, promoter group, nor any group companies have any interest in the entity being acquired. International Conveyors is engaged in the manufacturing and trading of conveyor belting, including ply conveyor belting, steel cord conveyor belting, fittings, accessories, and the generation and sale of power. The company's consolidated net profit rose 3.6% to Rs 20 crore, supported by a 15.7% increase in net sales to Rs 26.09 crore in Q3 FY25 compared to Q3 FY24. Shares of TD Power Systems jumped 5.86% to Rs 380.30 on the BSE. Powered by Capital Market - Live

Sterling & Wilson Renewable Energy is an end-to-end solar EPC solutions provider, offering services from concept to commissioning with an asset-light business model. The company specializes in EPC services for utility-scale solar, floating solar, hybrid, and energy storage solutions. As of FY 2023-2024, Sterling & Wilson Renewable Energy reported a turnover of Rs 3,035.37 crore. The company has acquired a total of 1,38,856 equity shares in Sterling and Wilson Renewable Energy. The acquisition, completed on 27 February 2025, was made through cash consideration. The acquisition is intended for investment purposes. International Conveyors is engaged in the business of manufacturing and trading of conveyor belting, trading of ply conveyor belting, steel cord conveyor belting and fittings and accessories, and generation and sale of power. The company's consolidated net profit rose 3.6% to Rs 20 crore on a 15.7% increase in net sales to Rs 26.09 crore in Q3 FY25 over Q3 FY24. Shares of International Conveyors slipped 2.69% to Rs 66.90 on the BSE, while shares of Sterling and Wilson Renewable Energy declined by 1.48% to Rs 248.95 on the BSE. Powered by Capital Market - Live

International Conveyors will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live

Net profit of International Conveyors rose 17.07% to Rs 26.81 crore in the quarter ended September 2024 as against Rs 22.90 crore during the previous quarter ended September 2023. Sales declined 28.04% to Rs 30.77 crore in the quarter ended September 2024 as against Rs 42.76 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales30.7742.76 -28 OPM %15.9622.17 - PBDT34.6328.58 21 PBT34.1928.11 22 NP26.8122.90 17 Powered by Capital Market - Live

International Conveyors will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

International Conveyors announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

Net profit of International Conveyors rose 125.87% to Rs 31.87 crore in the quarter ended June 2024 as against Rs 14.11 crore during the previous quarter ended June 2023. Sales declined 5.32% to Rs 40.39 crore in the quarter ended June 2024 as against Rs 42.66 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales40.3942.66 -5 OPM %14.0114.16 - PBDT45.2918.20 149 PBT44.8617.73 153 NP31.8714.11 126 Powered by Capital Market - Live

International Conveyors will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live