Thermax shines on securing order of Rs 522 crore for refinery and petrochemical complex
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Thermax is currently trading at Rs. 2032.45, up by 40.30 points or 2.02% from its previous closing of Rs. 1992.15 on the BSE.
The scrip opened at Rs. 2025.05 and has touched a high and low of Rs. 2071.75 and Rs. 2025.05 respectively. So far 2553 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2174.00 on 02-Feb-2022 and a 52 week low of Rs. 1288.35 on 11-Aug-2021.
Last one week high and low of the scrip stood at Rs. 2071.75 and Rs. 1946.30 respectively. The current market cap of the company is Rs. 23737.72 crore.
The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 27.30% and 10.72% respectively.
Thermax has secured an order of Rs 522 crore for utility boilers and associated systems for a grass root refinery and petrochemical complex in Rajasthan, India. The order includes two units of 260 TPH high pressure utility boilers along with allied auxiliaries to be designed and manufactured by Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax. The package will be a part of the customer’s Captive Power Plant (CPP), and will facilitate their steam and power requirements.
The scope of supply includes project management, engineering, procurement, manufacturing, construction, and commissioning of the package. The project is slated to be completed within 16 months on a lump sum turnkey (LSTK) basis.
Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.
