Thermax wins Rs. 320 crore order for a captive Combined Heat and Power plant

Thermax Group has concluded Rs. 320 crore order to set up a captive Combined Heat and Power (CHP) plant on an EPC basis for Assam Bio Refinery Private Limited (ABRPL), a joint venture of Numaligarh Refinery Limited (NRL), Fortum and Chempolis. ABRPL is developing India's first biorefinery to produce cellulosic ethanol from bamboo biomass.

This cogeneration plant includes two high pressure boilers of 98.5 TPH capacity each, air pollution abatement equipment along with steam turbine generator and other auxiliary systems to generate process steam and power simultaneously.

"ABRPL is targeting a larger production of second generation (2G) ethanol in India and contribute towards Indian Government's target of attaining self sufficiency in energy, reducing fossil fuel footprint and meeting the socio economic needs of the region. We are happy to partner with Thermax in this journey, a pioneer in setting up captive power plants on EPC basis. The CHP will utilise all wastes and byproducts such as biocoal, stillage cake, etc. emanating from the biorefinery during the bio-ethanol production process. It will also help reduce our dependence on grid power," said Mr. Gunindra Nath Sarma, CEO, ABPRL.

"This proven technology by Thermax leverages our expertise in the combustion of biomass and offering green solutions that align with our vision of providing sustainable solutions. We look forward to our association with ABPRL in this initiative that has a potential to propel India's efforts towards increasing clean energy generation," said Mr. Ashish Bhandari, MD & CEO, Thermax Limited.

The scope of supply includes design, engineering, manufacturing, construction and commissioning of the CHP plant. The project is to be completed in 20 months.

Shares of THERMAX LTD. was last trading in BSE at Rs.762.85 as compared to the previous close of Rs. 767.15. The total number of shares traded during the day was 335 in over 104 trades.

The stock hit an intraday high of Rs. 766.35 and intraday low of 753. The net turnover during the day was Rs. 254607.

Source : Equity Bulls

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