Thermax surges as its arm receives repeat order worth Rs 516 crore
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Thermax is currently trading at Rs. 4906.30, up by 179.05 points or 3.79% from its previous closing of Rs. 4727.25 on the BSE.
The scrip opened at Rs. 4820.90 and has touched a high and low of Rs. 4920.00 and Rs. 4760.00 respectively. So far 2835 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5835.00 on 08-Jul-2024 and a 52 week low of Rs. 2500.00 on 29-Nov-2023.
Last one week high and low of the scrip stood at Rs. 4931.25 and Rs. 4288.00 respectively. The current market cap of the company is Rs. 56328.16 crore.
The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 28.02% and 10.00% respectively.
Thermax’s wholly owned subsidiary--- Thermax Babcock & Wilcox Energy Solutions (TBWES) has received a repeat order worth Rs 516 crore for setting up another 300 MW energy project from an industrial conglomerate in Botswana, Southern Africa. This order is part of the second phase of a 600 MW project being developed by the major, positioning Thermax as the sole partner for the entire project.
Similar to the first order, TBWES will supply two 550 TPH CFBC (circulating fluidised bed combustion) boilers and will undertake complete responsibility for designing, engineering, manufacturing, testing, supply, supervision of erection & commissioning, and performance testing. The project will supply power to the national utility grid, addressing the power needs of the region, and strengthening energy security.
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.
