You are here: Home » News-CM » Equities » Hot Pursuit
Business Standard

ISGEC Heavy Engg bags order for two gas fired boilers from Indian Navy

Capital Market 

ISGEC Heavy Engineering said that it has bagged an order for two gas fired boilers from Naval Project, Indian Navy.

The scope of work includes manufacturing of two 40 tons per hour (TPH) boilers on a turnkey basis. The announcement was made after market hours yesterday.

With over 850 high capacity and high-pressure boiler installations across 48 countries, Isgec's boiler business vertical has wide experience in process, cogeneration, captive power, and independent power plants, with a wide variety of fuel options ranging from agri-waste to oil & gas.

ISGEC Heavy Engineering is a diversified heavy engineering company engaged in manufacturing and project businesses with an extensive global presence.

The company's consolidated net profit dropped 66.93% to Rs 13.63 crore on a 5.38% increase in net sales to Rs 1128.38 crore in Q1 FY22 over Q1 FY21.

The scrip rose 0.70% to Rs 689.20 on the BSE. On a year-to-date (YTD) basis, the stock has zoomed 109.30% while the benchmark Sensex has added 17.42% during the same period.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 18 2021. 10:03 IST