This heavy electrical company wins Rs 271.50 crore order from India’s biggest refinery!

In the past 6 months, the stock is 5.50 per cent and in 5 years the stock gave returns of over 100 per cent.

Thermax Limited has concluded an order of Rs. 271.50 crore from India’s biggest oil refinery in the private sector for a 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. The project is slated to be completed within a span of 16 months.  

Today, shares of Thermax rose 1.97 per cent to the day’s high of Rs 2,292.60 per share from its previous closing of Rs 2,248.35. At 03:30 pm the shares of the company ended the day higher, up 1.32 per cent to Rs 2,278. The stock has a 52-week high of Rs 2,678.50 and a 52-week low of Rs 1,830.35.  

Thermax Limited, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals.  

According to finances, this Large-Cap company has a market cap of Rs 27,143.81 crore. The company declared December quarter results (Q3) with amazing numbers with net sales surging by 28.88 per cent and net profit surging by 59.5 per cent compared to the same quarter last year.   

In the past 6 months, the stock is 5.50 per cent and in 5 years the stock gave returns of over 100 per cent. Investors should keep a close eye on this multibagger stock.