Isgec Heavy Engineering Ltd receives order for 25 Medical Oxygen Plants from DRDO

Isgec have received an order for 25 Medical Oxygen Plants from the Defence Research & Development Organisation (DRDO), Ministry of Defence, Govt. of India. The scope of work includes Manufacturing, Supplying, Installing, and Commissioning.

These Plants have a capacity of 250 LPM (litre per minute) each and Oxygen Concentration of 93 +/- 3%. The design for these Oxygen Plants has been developed by DRDO on the Pressure Swing Adsorption (PSA) principle.

This is the first order Isgec has received for Medical Oxygen Plants from DRDO. The project aims to augment the medical oxygen infrastructure in India in order for the nation to be in a stronger position to fight the on-going COVID-19 pandemic.

Shares of ISGEC Heavy Engineering Limited was last trading in BSE at Rs. 795.05 as compared to the previous close of Rs. 729.45. The total number of shares traded during the day was 1457858 in over 4637 trades.

The stock hit an intraday high of Rs. 810 and intraday low of 725.35. The net turnover during the day was Rs. 1067257735.

Source : Equity Bulls

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