Indrayani Biotech starts operations of Boiler Division; Stock gains 1%

16 Mar 2022 , 09:17 AM

Indrayani Biotech Limited has announced that the Company, in association with Matrix Boilers, has commenced the operations of Boiler division.

Accordingly, the company has started marketing Industrial Boilers under the brand name “IBL Matrix”. Also, the Boiler Division of the Company has bagged its first order for 6TPH Steam Boiler and the same has been delivered successfully to “The Softtech Processing Mills”, Perundurai, Erode.

Matrix Boilers, which is located at Tiruchirapalli, is known as Mecca of steam boilers, functioning for more than two decades with product range of 2 TPH to 25 TPH industrial boilers and associated systems like Waste heat recovery systems Package Boilers, FBC Boilers, Economiser, Super heaters, Steam Drums, Deaerator cum feed water storage tanker, “Blow down systems, Dosing systems, Heat exchangers, Pressure vessels and Storage tanks, #9 Water preheaters and Air preheaters.

Matrix Boilers have manufactured and delivered more than 450 boilers across the globe and have cumulative end to end experience in Design, Engineering and manufacturing of the said systems. They have patented design for their package boilers which are considered to be energy and fuel efficient. They are now associated with our company and these products are sold as IBL Matrix Boilers.

At around 9:17 AM, Indrayani Biotech was trading at Rs19.75 per piece higher by 1.02% on Sensex.