Thermax surges on wining Rs 471 crore order for two FGD systems

19 Jul 2019 Evaluate

Thermax is currently trading at Rs. 1116.00, up by 27.10 points or 2.49% from its previous closing of Rs. 1088.90 on the BSE.

The scrip opened at Rs. 1108.00 and has touched a high and low of Rs. 1120.00 and Rs. 1105.00 respectively.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1199.95 on 02-Aug-2018 and a 52 week low of Rs. 878.05 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1120.00 and Rs. 1025.40 respectively. The current market cap of the company is Rs. 12974.93 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 25.78% and 12.24% respectively.

Thermax has concluded an order of Rs 471 crore from an Indian government power company to set up two flue gas desulphurisation (FGD) systems at their thermal power plant in the state of Jharkhand.

As a part of the customer's drive to meet the mandates for regulating SOx emissions from coal fired power plants, they plan to install two units of FGD systems of 500 MW capacity each at their plant.

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

4648.95 2.30 (0.05%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
BHEL 235.25
Bharat Electronics 290.90
Thermax 4648.95
Kirloskar Oil Eng 1034.45
GMM Pfaudler 1219.55
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