Thermax stock soars over 3% after bagging Rs545.6cr order for two FGD systems

5 Jan 2022 , 12:29 PM

Thermax concluded an order of Rs545.6cr from an Indian power public sector company to set up flue gas desulphurisation (FGD) systems for their two units of 500 MW capacity each in the state of Uttar Pradesh, India. This would be the second FGD order in the current financial year of the company.

The FGD systems will be installed at their plant to cut down SOx emissions and comply with the air quality standards set for the power plants.

“Our proven technological capabilities in the area of air pollution and gaseous abatement, especially FGD, where we are already executing a few large orders, led to this competitive win. In addition to supporting the customer in meeting statutory compliance related to industrial pollution norms, the project reinforces our commitment to the environment,” says Ashish Bhandari, MD & CEO, Thermax Limited.

The scope of supply includes design, engineering, manufacturing, civil work, construction and commissioning of the FGD systems.

The project is slated to be completed in 30 months.

At around 12.28 pm, Thermax was trading at Rs1865.85 per piece up by Rs60.70 or 3.4% on Sensex. The stock has clocked an intraday high of Rs1923.55 per piece.