Stock Report

Taylormade Renewables Ltd partners with IOCL for pilot project

Posted On : 2023-11-19 10:43:35( TIMEZONE : IST )

Taylormade Renewables Ltd partners with IOCL for pilot project

TAYLORMADE RENEWABLES LIMITED has become an "Industrial Partner" with IOCL for its projects related to Net Zero Carbon Emission & Energy Efficiency Improvement. IOCL will provide its requirement and proposed design which will be implemented by TRL in design and production of such systems and implemented at IOCL and other PSUs.

The pilot project work order from INDIAN OIL CORPORATION LTD., R&D CENTRE, SECTOR-13, FARIDABAD, HARYANA-121007, India for SOLAR THERMAL ENERGY SYSTEM (STES) bearing Contract No.: GEMC-511687750143668 dated 10th November, 2023 through Government E Marketplace (GeM).

The work order is for a dual axis tracking parabolic dish based Solar Thermal Energy system (STES) for process heat to be designed as per IOCL recommendations. The system will be customized and it will be fabricated as per the IOCL requirement and will be integrated with an existing boiler at IOCL Lube Oil Blending Plant, Asaoti for process heat augmentation through preheating of boiler feed water upto 80 - 90° C. The system will consist of 5 dishes of 92 Sq. M. each. The projects is aimed to lower the fossil fuel use for Thermal Energy needs in production.

Once successfully completed this project, it can be implemented at all IOCL refineries and other PSUs. By implementing such projects IOCL can achieve its Net Zero Carbon Emission targets.

Shares of Taylormade Renewables Ltd was last trading in BSE at Rs. 638.65 as compared to the previous close of Rs. 608.25. The total number of shares traded during the day was 15800 in over 50 trades.

The stock hit an intraday high of Rs. 638.65 and intraday low of 638.00. The net turnover during the day was Rs. 10090410.00.

Source : Equity Bulls


TaylormadeRenewables INE459Z01017 Partnership IOCL PilotProject