Isgec has won an order for setting up a 11.5 MW Waste to Energy (WTE) Plant for the Karnataka Power Corporations Limited (KPCL) to be set up in Bidadi, an industrial hub located 32 km from Bengaluru.
The plant will have a capacity to use 600 tonnes of segregated waste per day to produce power. The scope of the project includes Design, Engineering, Manufacturing, Supply, Civil Works, Construction, Commissioning and Performance Guarantee Testing.
Isgec, with its extensive expertise in Manufacturing and setting up of Turnkey Projects, will be setting up this plant along with their consortium partner Hitachi Zosen India Pvt Ltd., a company having vast experience of setting up of over 900 WTE plants across the world. This will be the second Waste to Energy plant that this consortium will be setting up, the first one running successfully in Jabalpur, Madhya Pradesh for the last 4 years.
Shares of ISGEC Heavy Engineering Ltd was last trading in BSE at Rs.236.25 as compared to the previous close of Rs. 237.3. The total number of shares traded during the day was 14220 in over 392 trades.
The stock hit an intraday high of Rs. 241.95 and intraday low of 233.75. The net turnover during the day was Rs. 3360907.