- 13 Apr 2022
- ICICIdirect Research
Thermax wins order for refinery, petrochemical complex
THERMAX - 4373 Change: 12.80 (0.29 %)News: Thermax has won an order of Rs 522 crore for a refinery and petrochemical complex. The order includes two units of 260 TPH high pressure utility boilers along with allied auxiliaries to be designed and manufactured by Thermax Babcock & Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax. The package will be a part of the customer’s captive power plant (CPP) and will facilitate their steam and power requirements. The scope of supply includes project management, engineering, procurement, manufacturing, construction, and commissioning of the package. The project is slated to be completed within 16 months on a lump sum turnkey (LSTK) basis
Views: With this order secured through an international competitive bidding process Thermax begins the new financial year on a high note. This adds to growth visibility in the medium term. With ESG theme catching up fast in India & globally, Thermax is likely to benefit from it
Impact: Positive