Thermax jumps on securing order for power plant in Africa

Thermax surged 4.41% to Rs 920.10 at 9:41 IST on BSE after the company bagged an order worth approximately Rs 321 crore to build and commission a captive power plant in Africa.

The announcement was made after trading hours yesterday, 30 October 2014.

Meanwhile, the BSE Sensex was up 203.67 points, or 0.74%, to 27,550

On BSE, so far 5,646 shares were traded in the counter, compared with an average volume of 4,546 shares in the past one quarter.

The stock hit a high of Rs 940 and a low of Rs 901 so far during the day. The stock hit a record high of Rs 989.70 on 2 July 2014. The stock hit a 52-week low of Rs 609.35 on 12 November 2013.

The large-cap company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.

Thermax said that the company has bagged an order worth approximately Rs 321 crore to build and commission a captive power plant in Africa. The scope of work includes system design, manufacture, supply and supervision of erection and commissioning of the plant. The power plant is to be commissioned within a time frame of 15-16 months, Thermax said.

Thermax will declare Q2 September 2014 results on 4 November 2014. The company's net profit fell 17.6% to Rs 41.41 crore on 2.4% decline in total income to Rs 830.71 crore in Q1 June 2014 over Q1 June 2013.

Thermax, the energy and environment major, 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, chemicals and air pollution control.

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