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Thermax bags $20 mn contract from Egyptian firm
New Delhi / Mumbai Aug 06, 2009, 16:12 IST

Energy and environment solutions provider Thermax today said it has got an order worth $20 million (about Rs 95 crore) from an Egypt-based cement maker for installing an air-pollution abatement system.

Under the contract, the company would design, manufacture and install an air-pollution abatement system in the Egyptian firm's cement factory, Thermax said in a filing to the Bombay Stock Exchange (BSE).

"The Thermax system will enable the firm to meet the emission standards laid down by the statutory authorities of that country," it added.      

The name of the Egyptian company is, however,  not disclosed in the filing.

Thermax shares closed at Rs 424.05, down 0.48 per cent from its previous close on the BSE.

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