ISGEC bags order for medical oxygen plants from DRDO; Stock ends 9% higher

The scope of work includes Manufacturing, Supplying, Installing, and Commissioning.

Sep 14, 2021 05:09 IST India Infoline News Service

ISGEC Heavy Engineering Limited has informed that it has received an order for 25 Medical Oxygen Plants from the Defence Research & Development Organisation (DRDO), Ministry of Defence, Govt. of India. The scope of work includes Manufacturing, Supplying, Installing, and Commissioning.

In a regulatory filing, the company said, "these Plants have a capacity of 250 LPM (litre per minute) each and Oxygen Concentration of 93 +/- 3%. The design for these Oxygen Plants has been developed by DRDO on the Pressure Swing Adsorption (PSA) principle."

This is the first order Isgec has received for Medical Oxygen Plants from DRDO.

The project aims to augment the medical oxygen infrastructure in India in order for the nation to be in a stronger position to fight the on-going COVID-19 pandemic, it added.

ISGEC Heavy Engineering  ended at Rs795.05 per piece up by Rs65.6 or 8.99% on Sensex.

Related Story

Open Free Demat Account (Rs699)