Thermax soars to new high

Thermax had hit a high on 26th Dec at Rs.1248.10 and today it went on to hit a new high again at Rs.1270.55.

The stock has hit a new high on news that it has received an order worth Rs.327 crore. This is from a PSU based in Western India for its up-coming chemical plant; the company will be making its boiler-turbine-generator (BTG) plant.

The company will be executing this EPC order for captive co-generation power plant of 2x65MW capacity. The scope of the project includes design, engineering, manufacturing, construction and commissioning of the solid fuel based BTG package consisting of 2 CBFC boilers, steam turbines and generators.

The project is to be completed in 24 months.