Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a wholly owned subsidiary of Thermax, has received a repeat order worth Rs. 516 crore for setting up another 300 MW energy project from an industrial conglomerate in Botswana, Southern Africa. This order is part of the second phase of a 600 MW project being developed by the major, positioning Thermax as the sole partner for the entire project.
Similar to the first order, TBWES will supply two 550 TPH CFBC (circulating fluidised bed combustion) boilers and will undertake complete responsibility for designing, engineering, manufacturing, testing, supply, supervision of erection & commissioning, and performance testing.
The project will supply power to the national utility grid, addressing the power needs of the region, and strengthening energy security.
Commenting on the project win, MD and CEO Ashish Bhandari said, "Winning the second order for the same project is a testament to the trust the customer has placed in our capabilities. With this project in Botswana, we look forward to contributing to the broader energy landscape in Southern Africa, enhancing its power infrastructure, and setting new benchmarks with best-in-class solutions for efficiency and environmental performance."
TBWES provides equipment and solutions for generating steam for process and power through the combustion of various solid, liquid and gaseous fuels, as well as through heat recovery from turbine/engine exhaust and (waste) heat recovery from industrial processes. TBWES also offers heaters for various applications in the chemical, petrochemical and refinery segments. Its services arm offers renovation and modernisation solutions for old boilers and heaters.
Shares of Thermax Limited was last trading in BSE at Rs. 4727.25 as compared to the previous close of Rs. 4643.85. The total number of shares traded during the day was 14251 in over 2874 trades.
The stock hit an intraday high of Rs. 4889.35 and intraday low of 4682.25. The net turnover during the day was Rs. 68058038.00. |
