Thermax Group bags Rs250cr order for greenfield refinery in Latin America; Stock surges 3.5%

The scope of supply includes design, engineering, and manufacturing of the packages.

Jun 25, 2021 01:06 IST India Infoline News Service

Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax Limited, has concluded a Rs250cr order for a claus package and an oxidiser package in the sulphur recovery unit for a greenfield refinery in Latin America.

The customer, a globally renowned refining company, is setting up a new 340 MBPD (Million Barrels Per Day) crude oil refining capacity to increase the production of high value distillates.

The export order includes two trains each of a claus package and an oxidiser package consisting of burner, furnace, waste heat boiler in completely modular construction. The modularisation solution from TBWES will benefit the customer de-risk their construction work and accelerate the commissioning time.

The scope of supply includes design, engineering, and manufacturing of the packages.

“TBWES was chosen as a successful partner in this international competitive bidding project owing to its proven product experience, compliance to global quality standards, manufacturing strength and modularised offerings,” says Ashish Bhandari, MD & CEO, Thermax.

At around 1:57 PM, Thermax was trading at Rs1,480.55 apiece up by Rs50.5 or 3.53% on Sensex.

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