TEXMACO RAIL COMMISSIONS HYDROMECHANICAL SYSTEMS FOR 2000MW SUBANSIRI LOWER PROJECT

In a recent development,

has successfully completed the erection and commissioning of hydromechanical systems for the 2000MW Subansiri Lower hydroelectric project, marking a significant milestone in one of India’s largest hydropower developments. The project, comprising eight generating units of 250MW each, is located on the Arunachal Pradesh–Assam border. Developed by NHPC Limited, the Subansiri Lower project is a key component of India’s renewable energy expansion programme. With a market cap of Rs 5,157 crores, the company's stock price is trading at an attractive P/E of 24. Moreover, it has delivered good profit growth of 128% CAGR over last 3 years. With such large order executions, the company is expected to see higher sales and profits, thereby making it a good opportunity for long term investment.