Thermax wins order of Rs. 522 crore for a refinery and petrochemical complex

Thermax has concluded an order of Rs. 522 crore for utility boilers and associated systems for a grass root refinery and petrochemical complex in Rajasthan, India.

The order includes two units of 260 TPH high pressure utility boilers along with allied auxiliaries to be designed and manufactured by Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of Thermax. The package will be a part of the customer's Captive Power Plant (CPP), and will facilitate their steam and power requirements.

"The new financial year started on a high note with this order, secured through an international competitive bidding process. Award of the contract is a testament to our demonstrated product expertise, compliance with quality standards, manufacturing capabilities and execution of complex turnkey projects," says Ashish Bhandari, MD & CEO, Thermax.

The scope of supply includes project management, engineering, procurement, manufacturing, construction, and commissioning of the package. The project is slated to be completed within 16 months on a lumpsum turnkey (LSTK) basis.

Shares of Thermax Limited was last trading in BSE at Rs. 1992.15 as compared to the previous close of Rs. 1991.35. The total number of shares traded during the day was 1580 in over 310 trades.

The stock hit an intraday high of Rs. 1999.90 and intraday low of 1963.20. The net turnover during the day was Rs. 3133843.00.

Source : Equity Bulls

Keywords

Thermax INE152A01029 OrderWin UtilityBoilers Refinery PetrochemicalComplex Rajasthan