Thermax wins Rs. 271.50 crore order from India's biggest refinery for mechanical balance of plant

Thermax Limited has concluded an order of Rs. 271.50 crore from India's biggest oil refinery in the private sector for mechanical balance of plant (MBoP) works for the captive power plant (CPP) at their new oil-to-chemical (O2C) facility in the western part of India. The proposed CPP is expected to meet the incremental power demand of upcoming projects at the customer's premise as part of O2C expansion and the establishment of a mega factory.

Thermax with experience of more than 150 plus EPC projects in the domain has been entrusted by the customer to execute the MBoP work involving engineering, procurement/supply and construction & civil works. The project is slated to be completed within a span of 16 months.

Shares of Thermax Limited was last trading in BSE at Rs. 2248.35 as compared to the previous close of Rs. 2240.95. The total number of shares traded during the day was 1684 in over 438 trades.

The stock hit an intraday high of Rs. 2254.45 and intraday low of 2232.45. The net turnover during the day was Rs. 3770909.00.

Source : Equity Bulls

Keywords

Thermax INE152A01029 MBoP CaptivePowerPlant OilToChemical