Isgec Heavy Engineering soars on receiving order worth Rs 197.25 crore
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Isgec Heavy Engineering is currently trading at Rs. 454.10, up by 12.15 points or 2.75% from its previous closing of Rs. 441.95 on the BSE.
The scrip opened at Rs. 452.05 and has touched a high and low of Rs. 460.00 and Rs. 440.40 respectively. So far 8180 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 601.20 on 11-Apr-2022 and a 52 week low of Rs. 426.20 on 16-Jun-2022.
Last one week high and low of the scrip stood at Rs. 465.00 and Rs. 434.55 respectively. The current market cap of the company is Rs. 3249.64 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 9.96% and 27.60% respectively.
Isgec Heavy Engineering has received a prestigious order for Rs 197.25 crore from Maharashtra State Power Generation Company (MAHAGENCO) for renovation and modernization of the Electrostatic Precipitators (ESP’s) for their 2x500 MW TPP at Chandrapur Thermal Power Station, District Chandrapur, Maharashtra.
The ESP’s shall be retrofitted and modernised for Particulate emission reduction in order to meet the latest Emission Norms guidelines for Thermal Power Plants. The scope of work includes complete Design, Engineering, Supply, Assembly, Erection, Commissioning and Performance Guarantee Testing for ESP Retrofitting/Upgradation of 2x500 MW Units of Chandrapur U-5&6 Thermal Power Station on EPC Basis.
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.
