Thermax secures new orders, order book at Rs.1000 Crores

Thermax Ltd has announced that the Company along with its subsidiary Company has received two orders valued at about Rs 383 crores, totalling to 75 MW captive power plants, details of which are given below:

1. 2 x 25 MW Coal/Petcoke based Captive Power Project to be set up by a cement major. The order value is Rs 243 crores.

2. 1 x 25 MW Coal/Petcoke based Captive Power Project to be set up by another cement major. The order value is Rs 140 crores.

The plants will use CFBC boilers using coal and washery middling that shall be being generated from the coal washery being set up by the user.

With the aforesaid orders, the current fiscal order booking exceeds 250 MW of captive power plants valued at about Rs 1000 crores. Thus, underscoring the leadership position that the Company enjoys in the EPC Captive Power market.

Source : Equity Bulls

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