Thermax gains on winning Rs 321 crore worth order

Thermax surged 4% after securing Rs 321 crore worth order to build and commission a captive power plant in Africa

Shares of Thermax have surged over 4% to Rs 917 on the BSE after the Energy and environment major secured Rs 321 crore worth order to build and commission a captive power plant in Africa.

 

The order was received from a leading African conglomerate and the scope of work includes system design, manufacture, supply and supervision of erection and commissioning of the plant.

 

The stock opened at Rs 901, touched a high of Rs 940 and a low of Rs 901 on the BSE. A total of 7,620 shares have been exchanged on the BSE so far.