Corporate Overview
We are a diversified, integrated and forward-thinking conglomerate engaged in sugar, cogeneration, alcohol (ethanol, Indian Made Indian Liquor and Indian Made Foreign Liquor), power transmission, and water business.
Management Statements
Each of our businesses is today among the leading players in its respective segment, with large and growing capacities. This insulates us from sectoral volatility and macro headwinds, resulting in sustained, resilient performance and value creation.
Management Discussion and Analysis
Our journey of building businesses that stand the test of time is a testament to our focus on value creation.
COMMITTED TO VALUE – STRENGTHENING THE CORE
Building long-term resilience and expanding horizons
Over the years, we have built a solid foundation across our diverse businesses. We are now infusing greater rigour and deepening capabilities across them, towards bringing more resilience and agility. This will help unlock the next phase of growth and contribute to the nation’s progress.
Building resilience in sugar and alcohol businesses
The sugar and alcohol businesses are characterised by cyclicality, weather dependency, and high regulations. Finite agricultural land further puts forward the challenge of limitation in cropping and cane availability and thus business scalability. At TEIL, we are taking proactive actions towards building more stability and resilience in these businesses, while ensuring their scalability in the long term.
Triveni's strategic levers
Securing raw material availability
- Undertook a major varietal substitution programme with a focus on low-lying areas; ~60% area having ageing, red rot‑prone cane plantation replaced with alternate varieties.
- Acquired and quickly refurbished 7,500 TCD (Tonnes of Cane Crushed per Day) Shamli sugar unit, strategically located in a high-yield cane district near two of our largest units.
Focus on crop protection and improving farm yields
- Enhanced farmer engagement through plot demonstrations and introducing better agronomic practices.
- Deployed advanced digital tools like AI/ML and IoT for real‑time information on weather, crop and diseases.
- Drone-based surveillance and spraying for disease control.
- Cane App for 24x7 farmer assistance.
- Collaborated with government bodies like Sugarcane Breeding Institute, Coimbatore, on new seed development, strengthening capabilities for expedited response to diseases and pest attacks and developing new varieties.
Capex for operational excellence
- Modernised plants (large mill in Sabitgarh, backpressure turbine in Khatauli and additional mill in Ramkola); enhancing crushing performance and saving bagasse for distilleries.
Value impact
Higher cane yield per hectare ▸ business scalability.
Increased and reliable cane availability ▸ higher crushing volumes and plant utilisation.
Increased molasses-based feedstock security ▸ Distillery operations sustenance and improved margin.
Value for India
Contribution to India's agricultural economy and rural prosperity.
Expanding capabilities in alcohol business
We are reinforcing our distillery operations by enhancing capacities, diversifying feedstock, and building new revenue engines in the alcohol beverage market.
Triveni's strategic levers
Capacity expansion
- Commissioned 200 KLPD multi-feed distillery at Rani Nangal.
- Emerged as a leading ethanol manufacturer in India, well‑placed to meet rising demand, with the government looking beyond 20% blending.
Building multi-feed capabilities
- Two distilleries now capable of operating with molasses, rice and maize as feedstock.
- Established capabilities to use maize as feedstock, including procurement, storage and processing.
Value with forward integration
- Rapidly consolidated position as #5 IMIL player in Uttar Pradesh.
- Entered the premium IMFL segment with the launch of two whiskies.
Value impact
Expanded capacities ▸ business scalability.
Multi-feedstock capabilities ▸ operational resilience and increased plant utilisation.
IMIL & IMFL ▸ unlocking of higher revenue streams.
Value for India
Enhanced capacity and production reliability to meet EBP programme beyond 20%.
Scaling new highs in power transmission
Our power transmission business continues to gain ground. With immense opportunities arising from a growing economy, Make in India and defence indigenisation as well as growing international enquiries, we are ramping up the business towards accelerated growth.
Triveni's strategic levers
Capacity expansion
- Capex underway to enhance gear capacity (excluding defence) from ₹ 400 crore to ₹ 700 crore (revenue) by September 2026.
- Dedicated multi-modal facility for defence products under development.
Expanding capabilities
- Increased customer engagement.
- Secured product qualifications across new geographies and industries.
- Amplified export focus leveraging own technology, qualifications across global OEMs, and cost and quality leadership.
Value impact
Capacity expansion ▸ market share expansion and revenue growth.
Export focus ▸ unlocking of new revenue.
Aftermarket capabilities ▸ higher margin potential.
Value for India
Defence indigenisation and contributing to making India a manufacturing hub for engineering products.
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