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Thermax gains on winning Rs 320 crore order for captive Combined Heat and Power plant

03 Nov 2020 Evaluate

Thermax is currently trading at Rs. 760.10, up by 6.25 points or 0.83% from its previous closing of Rs. 753.85 on the BSE.

The scrip opened at Rs. 764.50 and has touched a high and low of Rs. 764.50 and Rs. 753.20 respectively. So far 240 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1165.00 on 04-Nov-2019 and a 52 week low of Rs. 644.00 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 782.15 and Rs. 744.05 respectively. The current market cap of the company is Rs. 8996.90 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 24.16% and 13.86% respectively.

Thermax Group has concluded Rs. 320 crore order to set up a captive Combined Heat and Power (CHP) plant on an EPC basis for Assam Bio Refinery (ABRPL), a joint venture of Numaligarh Refinery (NRL), Fortum and Chempolis. ABRPL is developing India’s first biorefinery to produce cellulosic ethanol from bamboo biomass.

This cogeneration plant includes two high pressure boilers of 98.5 TPH capacity each, air pollution abatement equipment along with steam turbine generator and other auxiliary systems to generate process steam and power simultaneously.

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

4707.90 -25.95 (-0.55%)
07-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharat Heavy Elect. 376.30
Thermax 4707.90
Kirloskar Oil Engine 2269.20
Skipper 553.65
GMM Pfaudler 766.30
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