Thermax Group wins Rs. 293 crore order for a refinery and petrochemical complex in western India

Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has concluded a Rs. 293 crore order for a boiler package comprising 3 x Oil & Gas fired boilers on EPC basis for a refinery and petrochemical complex in western India.

The scope of supply includes design, manufacture, installation, erection, commissioning and testing of the 3 x Oil & Gas fired boilers. This turnkey project based on EPC encompasses civil, structural, mechanical, E & I controls work.

"TBWES has won the order in this competitive bidding project owing to its proven product experience, compliance to quality standards, manufacturing and EPC capabilities," says Ashish Bhandari, MD & CEO, Thermax.

Shares of Thermax Ltd. was last trading in BSE at Rs. 1368.05 as compared to the previous close of Rs. 1360.9. The total number of shares traded during the day was 5968 in over 1245 trades.

The stock hit an intraday high of Rs. 1420 and intraday low of 1363.75. The net turnover during the day was Rs. 8351672.

Source : Equity Bulls

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