Thermax bags Rs1,176 crore order for Sulphur Recovery Block; Stock jumps ~5%

21 Mar 2022 , 11:47 AM

Thermax Limited stocks rallies on Monday’s trade as it has concluded an order of Rs1,176 crore from an Indian public sector refinery to set up their Sulphur Recovery Block on LSTK basis.

At around 11:49 AM, Thermax stocks were trading higher by 4.88% at Rs2108.70 per piece on Sensex.

The Sulphur Recovery Block includes 2 x 240 TPD Sulphur Recovery Unit (SRU) along with Tail Gas Treatment Unit (TGTU), 690 TPH Amine Regeneration Unit (ARU), 200 TPH Sour Water Stripper — phenolic and 95 TPH Sour Water Stripper non-phenolic.

Reducing the sulphur content in fuels produced by the refinery is important for emission control. The sulphur recovery unit converts the hydrogen sulphide gas generated during the process to elemental sulphur, thus decreasing the amount of sulphur compounds released into the atmosphere.

The Sulphur Recovery Block will be a part of the customer’s ongoing refinery expansion project. This landmark project is being pursued as a part of the Government of India’s North East Hydrocarbon Vision 2030. The project will significantly contribute to the country’s growth as well as the economic development of the entire North-Eastern region.

The scope of supply includes project management, engineering, procurement, manufacturing, construction, and commissioning of the Sulphur Recovery Block. The project is slated to be completed in 28 months.