Isgec Heavy Engineering zooms on bagging two orders for DSI System Packages
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ISGEC Heavy Engineering is currently trading at Rs. 526.10, up by 11.35 points or 2.20% from its previous closing of Rs. 514.75 on the BSE.
The scrip opened at Rs. 520.60 and has touched a high and low of Rs. 535.25 and Rs. 508.60 respectively. So far 9223 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 774.00 on 24-Jan-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. 535.25 and Rs. 502.00 respectively. The current market cap of the company is Rs. 3801.48 crore.
The promoters holding in the company stood at 62.43%, while Institutions and Non-Institutions held 9.56% and 28.00% respectively.
Isgec Heavy Engineering has received two prestigious orders for Dry Sorbent Injection (DSI) System Packages from Maharashtra Power Generation Corporation (MAHAGENCO) and The West Bengal Power Development Corporation (WBPDCL) for their 2 x 210 MW (Unit 3&4) Khaperkheda Thermal Power Station and 4 x 210 MW (Unit 3,4,5&6) Kolaghat Thermal Power Station, respectively.
The company has strategic project based Collaboration and Technology Licensing Agreement with United Conveyor Corporation (UCC), USA for DSI Technology, whose advanced technology will be utilized for these projects. The scope of work includes Design, Engineering, Procurement, Fabrication, Construction, Installation, Commissioning, Startup, and Testing of DSI Package.
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.
