ISGEC Heavy Engineering said that it has bagged order from major steel company from eastern India for supply of seven waste heat recovery boilers.
These boilers would be utilizing waste gases from DRI Sponge Iron Kiln. These boilers will generate steam at 125 kg/cm2 (a) pressure.
"Earlier Isgec supplied 4 CFBC boilers to the same company which are in operation satisfactorily, the company said in a statement.
ISGEC Heavy Engineering is a diversified heavy engineering company. It manufactures process equipment, presses, iron & steel castings, and boiler pressure parts.
The company had reported 33.87% rise in consolidated net profit to Rs 62.96 crore on a 14.44% increase in sales to Rs 1,597.06 crore in Q3 FY23 over Q3 FY22.
The scrip shed 0.48% to end at Rs 447 on the BSE yesterday.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app