Thermax fires up

Thermax is in the news. The stock price, which had closed yesterday at Rs.1360.90, opened higher at Rs.1379.90 and went up to an intraday high at Rs.1420.

The stock is up after its wholly-owned subsidiary, Thermax Babcock and Wilcox Energy Solutions (TBWES), secured an order for a boiler package comprising 3 x Oil & Gas fired boilers on EPC basis for a refinery and petrochemical complex in western India.

The company has seen consistent order intake, averaging around Rs.1500 crore over the past 8-9 months, with consolidated order inflow in current Q1 up over 175% at around Rs.1700 crore.