Isgec Heavy Engineering shines on bagging order from Shree Cement
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The scrip is currently trading at Rs. 566.00, up by 14.10 points or 2.55% from its previous closing of Rs. 551.90 on the BSE.
The scrip opened at Rs. 578.00 and has touched a high and low of Rs. 578.00 and Rs. 564.45 respectively. So far 156 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 877.00 on 05-Jul-2021 and a 52 week low of Rs. 442.00 on 10-Mar-2021.
Last one week high and low of the scrip stood at Rs. 579.00 and Rs. 525.00 respectively. The current market cap of the company is Rs. 4058.09 crore.
The promoters holding in the company stood at 62.43% while Institutions and Non-Institutions held 9.16% and 28.41% respectively.
Isgec Heavy Engineering has received a prestigious order from Shree Cement for Cement Waste Heat Recovery Boilers for their 3.8 MTPA clinker capacity, integrated Cement Plant at Nawalgarh in the state of Rajasthan. The scope of work includes designing, manufacturing, and supplying of PH Boiler in the Pre Heater exhaust and AQC Boiler in the Cooler exhaust.
These will be one of the world's largest capacity Cement Waste Heat Recovery based Green Energy Steam Generation Plants and will be used for generating 35.5 MW of power. Isgec had earlier set up similar Cement Waste Heat Recovery Boilers for Shree Cement at their Raipur Line 3 Plant. The current order for the Nawalgarh site will be the third project that Isgec has received from Shree Cement, which says a lot about the quality of the earlier executions.
Isgec Heavy Engineering is a multi-product, multi-location public company that has been providing engineering solutions to customers around the world for the past many years.
