Triveni Engineering’s subsidiary, Triveni Turbine got listed on the National Stock Exchange today at Rs 43.50 following its de-merger from the parent.

The Triveni Turbine shares touched a high of Rs 45 and a low of Rs 30 on the National Stock Exchange. The share was trading at Rs 35.50, down Rs 64.15. Triveni Turbine reported a sales of Rs 182 crore and profit after tax of Rs 24.3 crore in the July-September quarter of 2011.

The debt for the company has debt of Rs 60-70 crore. The company has a capacity to produce 80-100 steam turbines. It operates in a manufacturing facility is located in Bangalore. The current order book stands at Rs 469 crore.

Triveni Turbines sells steam turbines and has a 75% share in the up to 15MW range and 30% share of the relatively new 15-30MW range. The company is planning to make 100-150MW turbines and also expand to international markets.

The Triveni Engineering is trading holds 21.8% stake in Triveni Turbines and operates in the areas of sugar, water treatment and high-speed gear divisions.