Trending Stock in News: This heavy electrical equipment company receives a work order worth Rs 271.50 crore!

Praveenkumar Yadav
/ Categories: Trending, Mindshare
Trending Stock in News: This heavy electrical equipment company receives a work order worth Rs 271.50 crore!

Shares of the company have gained more than 18 per cent on a YTD basis.

Thermax Limited reported in the exchange filing that the company has concluded an order of Rs 271.50 crore, the order is received from Reliance Syngas Limited (RSL) which is one of India’s biggest oil refinery in the private sector for the mechanical balance of plant (MBoP) works for the captive power plant (CPP) at their new oil-to-chemical (O2C) facility in the western part of India. The proposed CPP is expected to meet the incremental power demand of upcoming projects at the customer’s premise as part of O2C expansion and the establishment of a mega factory. 

Thermax Limited offers solutions to the energy, environment and chemical sectors. The company’s portfolio includes boilers and heaters, absorption chillers, heat pumps, power plants, solar equipment, air pollution control equipment/system, water and waste recycling plant, ion exchange resins and performance chemicals and related services. 

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On Monday, the stock opened at Rs 2361.20 and touched a high and low of Rs 2368.30 and Rs 2346.05. Currently, the stock is trading at 2365.00, up by 0.98 per cent.  

The stock has a 52-week high of Rs 2678.50 and a 52-week low of Rs 1830.35. The company has a ROCE of 11.5 per cent and an ROE of 9.09 per cent. The company is a constituent of group A stocks with a market capitalisation of Rs 28,180 crore.    

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