Thermax is currently trading at Rs. 978.40, up by 15.90 points or 1.65% from its previous closing of Rs. 962.50 on the BSE.
The scrip opened at Rs. 963.75 and has touched a high and low of Rs. 988.95 and Rs. 949.15 respectively. So far 2974 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1131.80 on 08-Dec-2014 and a 52 week low of Rs. 615.00 on 10-Feb-2014.
Last one week high and low of the scrip stood at Rs. 1057.50 and Rs. 954.00 respectively. The current market cap of the company is Rs. 11679.70 crore.
The promoters holding in the company stood at 61.98 % while Institutions and Non-Institutions held 23.05 % and 14.97 % respectively.
Thermax has won a repeat order worth Rs 351 crore from a leading African industrial major. The new order is also for supplying a captive power project for one of the conglomerate’s cement plants. The scope of work includes system design, manufacture, supply and supervision of erection and commissioning of the plant.
The order was won against stiff global competition. As a back-to- back repeat order, it further strengthens the company’s credentials to provide lump sum turnkey solutions for African customers.
The power plant, to be commissioned within a time frame of 15-16 months, will utilize the latest generation AFBC (Atmospheric Fluidized Bed Combustion) boilers and high pressure steam cycle to facilitate optimal plant efficiency. Air-cooled condensers will ensure low water utilization by the power plant, which has also been designed to respond to varying load requirements of the cement plant.
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