In a notable investment move, Goldman Sachs India Equity Portfolio has acquired approximately 11 lakh shares of TD Power Systems, amounting to an investment of ₹50.3 crore. The shares were purchased at ₹460 each, reflecting confidence in the company's growth prospects and financial health.

TD Power Systems, a Bangalore-based engineering firm specializing in the manufacturing of AC generators and electric motors, has been a significant player in the power equipment sector. The company's focus on innovation and quality has positioned it well in both domestic and international markets.

This acquisition by a prominent institutional investor like Goldman Sachs underscores the attractiveness of TD Power Systems to global investors. It also signals a positive outlook for the Indian manufacturing sector, particularly in specialized engineering and power equipment.

The investment is expected to bolster TD Power Systems' capital base, enabling it to expand operations, invest in research and development, and enhance its competitive edge. For Goldman Sachs, this move aligns with its strategy to invest in high-potential Indian companies poised for long-term growth.

Market analysts view this development as a testament to the increasing confidence of foreign investors in India's industrial sector, driven by favorable policies, economic reforms, and a robust growth trajectory.