Thermax Group bags export contract of USD 43 million

India Infoline News Service | Mumbai | September 14, 2017 09:21 IST

The Thermax Group has won a contract worth USD 43 million (Rs 276 crore approximately) from a leading cement company in the UAE for a turnkey captive power plant.

The Thermax Group has won a contract worth USD 43 million (Rs 276 crore approximately) from a leading cement company in the UAE for a turnkey captive power plant.
 
The scope of supply includes design, engineering, manufacturing, construction and commissioning of the solid fuel-based power plant with two CFBC boilers. Thermax also would be supplying emission control equipment and water treatment plant for the project, to be commissioned within 18 months, said the company in a BSE filing on Wednesday post market hours.
 
“This is the first EPC order that Thermax will be executing for a GCC (Gulf Co-operation Council) country. We intend to expand our footprint in this region where we have been providing business solutions,” said MS Unnikrishnan, Thermax MD and CEO.
 
Thermax was trading at Rs 921 per share, up by Rs 22.45 or 2.50% in the pre-opening session on Thursday, on the BSE.
 
Thermax Limited is engaged in the business of manufacture and sale of boilers, heating and cooling equipment, industrial chemicals, and water and waste management equipment. 

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