This Capital Goods sector company wins an order worth Rs. 251.7 crore!

In the past 1 month, the stock gave 8.68 per cent and in 1 year the stock returned 15.69 per cent.

Thermax Limited has received an order for Rs 251.7 crore from an Indian public sector power company. The contract is for the renovation and modernisation of the electrostatic precipitator (ESP) package of its 3x210 MW thermal power station in Bankura, West Bengal, India. The project is slated to be completed in 25 months.  

Today, shares of Thermax rose 3.34 per cent to Rs 2,199.95 per share from its previous closing of Rs 2,129. At 03:30 pm the shares of the company ended the day higher, up around 0.67 per cent to Rs 2,143.30. The stock has a 52-week high of Rs 2,678.50 and a 52-week low of Rs 1,653.  

Thermax Ltd offers solutions to the energy, environment and chemical sectors. The company’s portfolio includes boilers and heaters, power plants, solar equipment, air pollution control equipment/system, water and waste recycling plant and related services.  

According to finances, this Large-Cap company has a market cap of Rs 25,538.77 crore. Recently, the company declared December quarter results (Q3), net sales surged by 28.88 per cent and net profit surged by 59.5 per cent compared to the same quarter last year.   

In the past 1 month, the stock gave 8.68 per cent and in 1 year the stock returned 15.69 per cent. Investors should keep a close eye on this stock.