Isgec Heavy shares gain 5% on order win for 2 gas fired boilers

In the past month, the stock outperformed the market by surging nearly 35 per cent, against 2.4 per cent rise in the S&P BSE Sensex

Shares of Isgec Heavy Engineering, on Wednesday, were up 5 per cent at Rs 487.50 in intra-day trade on the BSE after the company said it has bagged orders for two gas fired boilers from public sector refinery. The stock of the industrial machinery manufacture was trading close to its 52-week high of Rs 488, touched on February 8.

The two gas fired boilers will supply steam to the whole petrochemical unit in this green field project. This order continues Isgec’s track record of being a leading supplier for the refinery & petrochemical industry and is one more step