Thermax surges 7% on winning Rs 546 crore order to set-up two FGD systems

The company has sealed an order of Rs 545.6 crore from an Indian power public sector company to set up FGD systems for their two units of 500 MW capacity each in the state of Uttar Pradesh.

Shares of Thermax rallied 7 per cent to Rs 1,923.55 on the BSE in Wednesday’s intra-day trade after the company announced it sealed an order worth Rs 545.6 crore from an Indian power public sector company to set up flue gas desulphurisation (FGD) systems for their two units of 500 MW capacity each in the state of Uttar Pradesh, India.

At 09:25 am; the stock traded 5 per cent higher at Rs 1,898.70, as compared to 0.04 per cent rise in the S&P BSE Sensex. It had hit a record high of Rs 1,944.80 on December 10, 2021.