ISGEC Heavy Engg gains on securing order

ISGEC Heavy Engineering rose 1.06% to Rs 622.10 after the company bagged the order for the 100th Circulating Fluidized Bed Combustion (CFBC) boilers.

ISGEC Heavy Engineering stated that this was due to its ongoing technical collaboration with Sumitomo SHI FW (formerly, Foster Wheeler). Sumitomo SHI FW has supplied Ultra-supercritical CFBC boilers for the 2,200 MWe (megawatt-electrical) project at KOSPO in Samcheok, South Korea. This plant has 4 x 1570 tonnage per hour (TPH) ultra-supercritical CFBC boilers, that have now been in operation for over 3 years.

The CFBC technology offered is state-of-the-art and regarded as the latest generation technology that offers customers benefits in terms of low maintenance, higher availability, higher efficiency, low LOI in ash, and a wide range of fuel firing capabilities. The technology is proven to efficiently burn a wide variety of solid fuels such as low ash imported coals, high sulphur petroleum coke, high ash Indian coals, dolochar, washery rejects, high moisture lignite, and biomass.

This technology also proved to be ideal for controlling emissions. This is mainly due to the optimum and uniform combustion temperature by continuous ash re-circulation. Hence, it ensures better sulphur capture and NOx reduction.

ISGEC Heavy Engineering has been setting up Industrial and Green Energy boilers for companies across the globe. As pf now, the company has supplied more than 850 boilers for various fuels and fuel combinations which include CFBC, AFBC, Oil & Gas, bagasse and biomass, HRSG, waste heat recovery, distillery waste/ slop and waste to energy.

ISGEC Heavy Engineering's consolidated net profit rose 2.9% to Rs 64.88 crore on 17.4% drop in net sales to Rs 1,392.46 crore in Q3 FY21 over Q3 FY20.

ISGEC Heavy Engineering is a diversified heavy engineering company engaged in manufacturing and project businesses with an extensive global presence.

Powered by Capital Market - Live News