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Thermax gains on winning order worth Rs 431 crore for setting up two FGD systems

31 Dec 2019 Evaluate

Thermax is currently trading at Rs. 1068.25, up by 9.05 points or 0.85% from its previous closing of Rs. 1059.20 on the BSE.

The scrip opened at Rs. 1055.40 and has touched a high and low of Rs. 1072.00 and Rs. 1041.55 respectively. So far 840 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1180.00 on 23-Sep-2019 and a 52 week low of Rs. 928.70 on 03-Apr-2019.

Last one week high and low of the scrip stood at Rs. 1072.00 and Rs. 1039.55 respectively. The current market cap of the company is Rs. 12642.48 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 25.27% and 12.75% respectively.

Thermax has concluded an order of Rs 431 crore from a public-private joint venture power company to set up two flue gas desulphurisation (FGD) systems at their thermal power plant in the state of Jharkhand, India.

The customer will install two units of FGD systems of 525 MW capacity each at their plant, to limit SOx emissions as per the revised regulations from the Ministry of Environment, Forest and Climate Change.

Thermax is a leading energy and environment solutions provider is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.

Thermax Share Price

4120.00 35.70 (0.87%)
16-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
BHEL 309.05
Thermax 4120.00
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Skipper 407.20
GMM Pfaudler 918.55
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