ISGEC zooms over 4 per cent on setting up world largest waste heat recovery boilers for Shree Cement
A diversified heavy engineering company, ISGEC Heavy Engineering Ltd announced on Thursday post market session that it has secured an order to set up the world’s largest waste heat recovery boilers.
The company received the order for waste heat recovery boilers from the cement industry while its capacity makes it the largest in the world. The order is from Shree Cement Ltd, one of the largest cement manufacturing companies in the country.
The boilers are of two types, one of which is a pH boiler to be installed at the pre-heater exhaust and the other one is after quenching chamber (AQC) boiler, which is to be installed at the cooler exhaust from the 10,500 TPD kiln. Both of these are to be set-up at the company’s unit in Raipur.
This would be ISGEC’s second project for Shree Cement after a cement waste heat recovery boiler, which the former set up around four years back. With vast experience in setting up EPC projects, the company is best suited to execute such a large project.
ISGEC Heavy Engineering is globally known for setting up a wide variety of industrial and green energy & utility boilers. Currently, it has set up more than 850 boilers spread across 48 countries, which includes nearly 50 waste heat recovery boilers.
At 10.02 am on Friday, the share of ISGEC Heavy Engineering Ltd was trading at Rs 485.60, up by 4.77 per cent as against its previous close of Rs 463.50. Meanwhile, the stock of Shree Cement Ltd was trading at Rs 28,735.80, up by 0.10 per cent on BSE.