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Thermax soars on bagging order worth Rs 321 crore from leading African conglomerate

31 Oct 2014 Evaluate

Thermax is currently trading at Rs. 932.10, up by 50.90 points or 5.78% from its previous closing of Rs. 881.20 on the BSE.

The scrip opened at Rs. 901.00 and has touched a high and low of Rs. 940.00 and Rs. 901.00 respectively. So far 4,079 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 989.70 on 02-Jul-2014 and a 52 week low of Rs. 609.35 on 12-Nov-2013.

Last one week high and low of the scrip stood at Rs. 940.00 and Rs. 876.00 respectively. The current market cap of the company is Rs. 11,106.00 crore.

The promoters holding in the company stood at 61.98% while Institutions and Non-Institutions held 23.05% and 14.97% respectively.

Energy and environment major, Thermax has received an order from a leading African conglomerate to supply a captive power project for one of their cement plants. The scope of work includes system design, manufacture, supply and supervision of erection and commissioning of the plant.

The order valued at around Rs 321 crore was won against stiff global competition. More importantly, this was a repeat order from the client and reinforces the confidence of African customers in Thermax’s ability to provide lump sum turnkey solutions for their power needs.

The power plant, to be commissioned within a time frame of 15-16 months, will utilise the latest generation AFBC (Atmospheric Fluidised Bed Combustion) boilers and high pressure steam cycle to facilitate optimal plant efficiency. State-of-the-art air-cooled condensers will ensure low water utilisation by the power plant.

Thermax Share Price

4289.50 148.30 (3.58%)
20-Apr-2026 11:22 View Price Chart
Peers
Company Name CMP
BHEL 330.20
Thermax 4289.50
Kirloskar Oil Eng 1665.40
Skipper 445.00
GMM Pfaudler 912.40
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