Ripples Advisory :Thermax touches 52-week high on order wins worth Rs 327 crore

The Thermax Group has concluded Rs 327 crore order from a public sector company based in Western India for its upcoming chemical plant, company said in press release.

Shares of Thermax has touched a 52-week high of Rs 1,270, gaining more than 5 percent in the early trade on Tuesday as it has won order worth Rs 327 crore.

The Thermax Group has concluded Rs 327 crore order from a public sector company based in Western India for its upcoming chemical plant, company said in press release.

The project is for a BTG (boiler turbine generator) package on engineering, procurement and construction (EPC) basis for their captive co-generation power plant of 2X65 MW capacity, it added.


The scope of the supply includes design, engineering, manufacturing, construction and commissioning of the solid fuel based BTG package consisting of 2 CFBC boilers, steam turbines and generators.

M.S. Unnikrishanan, MD and CEO of Thermax said, "Co-generation will continue to play a critical role in providing optimal energy solutions in Indian industry where both power as well as steam will be needed to support the processes."

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