ISGEC Heavy Engineering Limited surges 6 per cent on bagging new order
ISGEC Heavy Engineering announced today that it has received a new order for Steam Generating Island from a reputed public sector refinery in India under competitive bidding.
Reinforcing its position in the refinery & petrochemical sector, the company will supply two gas-fired boilers to the public listed entity. These two boilers will further supply steam to the whole petrochemical unit in the greenfield project. With the help of this order, ISGEC Heavy Engineering Ltd will continue to be a leading supplier for the refinery & petrochemical industry. This would also help in strengthening the ‘Make in India’ initiative of the Government of India.
ISGEC Heavy Engineering Ltd is a diversified heavy engineering company involved in manufacturing and project businesses with a worldwide presence. It provides state-of-the-art, sustainable engineering solutions, with customers & projects spread across 91 countries in the past 88 years.
Due to a technical glitch, BSE is still opened beyond its usual market hours. Thus, at 4.33 pm, the stock of ISGEC Heavy Engineering Ltd is trading at Rs 480.60, up by 4.81 per cent against its previous close of Rs 458.55 on BSE.
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