Thermax Group bags repeat order for captive co-gen power plant
Thermax Group has bagged a repeat order worth Rs. 279 crores. The order from a leading fertilizer company consists of setting up the company’s captive cogeneration (co-gen) plant at Trombay. The project is estimated to be completed in next 24 months.
The co-gen plant will be having capacity of 50MW consisting of GTG, i.e. Gas Turbine Generator with HRSG i.e. Heat Recovery Steam Generator. The plant will be EPC-based. The supply of this plant will include design, engineering, manufacturing, construction and commissioning.
The company is planning to install two units of GTG and HRSG to generate power and steam simultaneously which will help in reducing the energy consumption and the dependence on grid power.
Most of the fertilizer sector companies are preferring cogeneration that includes power supply coupled with energy efficient technologies. Thermax has secured multiple orders for cogeneration recently from various companies.
Thermax Ltd. is energy and environment solutions provider offering innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.
On Thursday, the stock closed at Rs. 1,130.50 per share. On Friday, in the morning trading session it surged by 3.45 per cent and made an intra-day high of Rs. 1,169.45. It has made 52-week high of Rs. 1,375 and 52-week low of Rs. 835.05.