The Ramco Cements Ltd. (Ramco already covered earlier; next) – Triveni Turbine Ltd.

manufactures small and medium steam turbines used in power and process industries. ​ It benefits from industrial capex in sugar, textiles, paper, and captive power plants. ​ Export opportunities and aftermarket services contribute to steady high‑margin revenues. ​ Risks include order cyclicality, competition from global OEMs, and FX exposure. ​