Thermax bags Rs. 545.6 crore order for two Flue Gas Desulphurisation (FGD) systems

Thermax Limited has concluded an order of Rs. 545.6 crore from an Indian power public sector company to set up flue gas desulphurisation (FGD) systems for their two units of 500 MW capacity each in the state of Uttar Pradesh, India.

The FGD systems will be installed at their plant to cut down SOx emissions and comply with the air quality standards set for the power plants.

In the current financial year, this is our second FGD order.

"Our proven technological capabilities in the area of air pollution and gaseous abatement, especially FGD, where we are already executing a few large orders, led to this competitive win. In addition to supporting the customer in meeting statutory compliance related to industrial pollution norms, the project reinforces our commitment to the environment," says Ashish Bhandari, MD & CEO, Thermax Limited.

The scope of supply includes design, engineering, manufacturing, civil work, construction and commissioning of the FGD systems. The project is slated to be completed in 30 months.

Shares of Thermax Limited was last trading in BSE at Rs. 1805.15 as compared to the previous close of Rs. 1811.85. The total number of shares traded during the day was 2309 in over 680 trades.

The stock hit an intraday high of Rs. 1848.90 and intraday low of 1777.60. The net turnover during the day was Rs. 4146872.00.

Source : Equity Bulls

Keywords

Thermax INE152A01029 OrderWin FlueGasDesulphurisation FGD