Thermax Group wins Rs. 250 crore order for a greenfield refinery in Latin America

Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has concluded a Rs. 250 crore order for a claus package and an oxidiser package in the sulphur recovery unit for a greenfield refinery in Latin America. The customer, a globally renowned refining company, is setting up a new 340 MBPD (Million Barrels Per Day) crude oil refining capacity to increase the production of high value distillates.

The export order includes two trains each of a claus package and an oxidiser package consisting of burner, furnace, waste heat boiler in completely modular construction. The modularisation solution from TBWES will benefit the customer de-risk their construction work and accelerate the commissioning time.

The scope of supply includes design, engineering, and manufacturing of the packages.

"TBWES was chosen as a successful partner in this international competitive bidding project owing to its proven product experience, compliance to global quality standards, manufacturing strength and modularised offerings," says Ashish Bhandari, MD & CEO, Thermax.

Shares of THERMAX LTD. was last trading in BSE at Rs.1429 as compared to the previous close of Rs. 1396.3. The total number of shares traded during the day was 4288 in over 701 trades.

The stock hit an intraday high of Rs. 1443.3 and intraday low of 1402.35. The net turnover during the day was Rs. 6113232.

Source : Equity Bulls

Keywords