Shares of Thermax gained 4 percent at Rs 1,418.55 on the BSE in intra-day trade on Thursday after Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly-owned subsidiary of the company, wins 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. The turnkey project 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,” said Ashish Bhandari, MD & CEO, Thermax.
Read more