Thermax soars on bagging Rs 1176 crore order from Indian public sector refinery
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Thermax is currently trading at Rs. 2103.75, up by 93.25 points or 4.64% from its previous closing of Rs. 2010.50 on the BSE.
The scrip opened at Rs. 2119.00 and has touched a high and low of Rs. 2138.95 and Rs. 2069.00 respectively. So far 5964 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. 1262.25 on 06-Apr-2021.
Last one week high and low of the scrip stood at Rs. 2138.95 and Rs. 1882.60 respectively. The current market cap of the company is Rs. 25126.49 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 concluded an order of Rs 1,176 crore from an Indian public sector refinery to set up their Sulphur Recovery Block on LSTK basis. The Sulphur Recovery Block includes 2 x 240 TPD Sulphur Recovery Unit (SRU) along with Tail Gas Treatment Unit (TGTU), 690 TPH Amine Regeneration Unit (ARU), 200 TPH Sour Water Stripper - phenolic and 95 TPH Sour Water Stripper non-phenolic.
Reducing the sulphur content in fuels produced by the refinery is important for emission control. The sulphur recovery unit converts the hydrogen sulphide gas generated during the process to elemental sulphur, thus decreasing the amount of sulphur compounds released into the atmosphere.
The Sulphur Recovery Block will be a part of the customer's ongoing refinery expansion project. This landmark project is being pursued as a part of the Government of India's North East Hydrocarbon Vision 2030. The project will significantly contribute to the country's growth as well as the economic development of the entire North-Eastern region. The scope of supply includes project management, engineering, procurement, manufacturing, construction, and commissioning of the Sulphur Recovery Block. The project is slated to be completed in 28 months.
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.
