Isgec spurts 3% after bagging large order for cement waste heat recovery boilers from Shree Cement

9 Mar 2022 , 11:05 AM

Isgec Heavy Engineering Limited has bagged a large order for cement waste heat recovery boilers from Shree Cement in Nawalgarh, Rajasthan. The scope of work includes designing, manufacturing, and supplying of PH boiler in the pre heater exhaust and AQC boiler in the cooler exhaust.

At around 11.08 am, ISGEC Heavy Engineering  Ltd was trading at Rs568.50 per piece up by Rs16.6 or 3.01% from its previous closing of Rs551.90 per piece on the BSE.

“These will be one of the world’s largest capacity Cement Waste Heat Recovery based Green Energy Steam Generation Plants and will be used for generating 35.5 MW of power. Isgec had earlier set up similar Cement Waste Heat Recovery Boilers for Shree Cement at their Raipur Line #3 Plant,” company said in a filing on Tuesday.

The current order for the Nawalgarh site will be the third project that Isgec has received from Shree Cement.

V.K. Luthra, Business Head, Industrial & Green Energy Boilers at Isgec shared, “We would like to take this opportunity to firmly assure that our team is fully geared up for this new project. Isgec team will work with the highest level of energy & ownership in close coordination with Shree Cement team. We congratulate Shree Cement team and convey our best wishes for this new project which will not only bring laurels for us but also our Nation.”