Thermax hits 52-week high on winning Rs 351 crore order in Africa
The stock rallied 6% to Rs 1,129 after the company has won order worth Rs 351 crore in Africa .
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Thermax has rallied 6% to Rs 1,129 in early morning deals on BSE after the company said it has won an order worth Rs 351 crore in Africa to build and commission a captive power plant.
The stock opened at Rs 1,096 and touched a 52-week high of Rs 1,132 on BSE. A combined around 18,000 shares changed hands on the counter till 0917 hours on BSE and NSE.
The company has received a repeat order of Rs 351 crore from a leading African industrial major for setting up a captive power project for one of the conglomerate’s cement plants, Thermax said in a statement.
The scope of this contract includes system design, manufacture, supply and supervision of erection and commissioning of the plant, it added.
In October this year, Thermax had received a Rs 321 crore worth contract from the same African conglomerate to supply a captive power project for one of their cement plants.
The stock opened at Rs 1,096 and touched a 52-week high of Rs 1,132 on BSE. A combined around 18,000 shares changed hands on the counter till 0917 hours on BSE and NSE.
The company has received a repeat order of Rs 351 crore from a leading African industrial major for setting up a captive power project for one of the conglomerate’s cement plants, Thermax said in a statement.
The scope of this contract includes system design, manufacture, supply and supervision of erection and commissioning of the plant, it added.
In October this year, Thermax had received a Rs 321 crore worth contract from the same African conglomerate to supply a captive power project for one of their cement plants.
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First Published: Dec 08 2014 | 9:20 AM IST