Rs 9,355 crore order book and FIIs increase stake: This multibagger heavy equipment stock bags new order worth Rs 513 crore for 600 MW greenfield energy project!
Shares of the company have gained more than 80 per cent on a YTD basis.
Thermax, through its subsidiary Thermax Babcock & Wilcox Energy Solutions (TBWES), has secured a significant international order worth Rs. 513 crore (USD 61.464 million). Jindal Energy Botswana Pty Ltd. has entrusted TBWES with the design, engineering, manufacturing, and supply of two 550 TPH CFBC boilers for their 600 MW greenfield energy project in Botswana. This 23-month project will support the development of the first 300 MW phase of the power plant.
TBWES will also supervise the erection, pre-commissioning, commissioning, and performance testing of these boilers. The generated power will be sold to the national utility company, contributing to Botswana's growing energy needs. This win strengthens Thermax's position as a global provider of advanced boiler solutions.
Additionally, Thermax aims to become a major player in hybrid renewable energy, setting an ambitious target of deploying 1 GW within the next three years. This will provide industries with diverse clean electricity options, paving the way for a greener future.
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 & systems, water and waste recycling plants, ion exchange resins and performance chemicals, and related services. The stock has delivered multibagger returns of over 250 per cent in the last three years. The company has an order book worth Rs 9,355 crore and FIIs increased their stake in March 2024.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
Related articles
-
900 per cent returns and FIIs & DIIs increase stake: This Multibagger Power Stock Signs PPA for 700 MW ISTS-Connected Solar Capacity with SJVN in Rajasthan!
-
400 per cent multibagger returns and Rs 1,500 crore capex: This plastics product stock bags new order worth Rs 55 crore from Indian Oil!
-
Rs 1,747 crore order book and 1,800 per cent multibagger returns: This telecom infrastructure stock bags new order worth Rs 14,64,85,436!
-
Rs 197,067 million order book and FIIs increase stake: This multibagger infrastructure stock bags new order worth Rs 482 crore!
-
Dark Horse Stock of the Day: This Solar Power Project Stock Rallies 10 per cent with Heavy Volume, Hits Upper Circuit, Gains Over 500 per cent in Just 6 Months!
-
600 per cent returns in a year: This multibagger electric equipment stock bags new order worth Rs 359 crore from Adani Group and Larsen & Toubro!
-
Heavy buying: Back-to-back upper circuit in this multibagger transformer stock; gains over 500 per cent!
-
Multibagger penny stock under Rs 75: This micro-cap transformer manufacturer bags Rs 3.28 crore order; reports a 2,000 per cent jump in PAT!
-
Rs 18,700 crore order book and FIIs & DIIs increase stake: This multibagger power company bags new order worth Rs 1,544 crore!
-
3,000 per cent returns: This multibagger power generation company secured orders for 800 Mega Watt Solar Photovoltaic Power Project!
-
52-week high alert: This multibagger stock zooms more than 16 per cent in today’s session. Do you own it?
-
10:1 Stock Split & 5 Days Back-to-Back Upper Circuit: Promoters Purchase Shares of this Multibagger Company; Stock Available Under Rs 80 Each!
-
Rs 11,872 crore order book and FIIs increase stake: Heavy buying witnessed in this multibagger railway and defence stock; hits fresh 52-week high!
-
6 Days Back-to-Back Upper Circuit Ashish Kacholia-Backed Multibagger Engineering Stock: Gains Around 110 per cent in Just 1 Month Only!
-
120 Per cent in just 1 Month & Rs 22,650 Crore Order Book: Shipping Stock Hits 52-Week High Recently Bagged Order Worth Rs 21 million USD from Ministry of Defence!
-
Vijay Kedia Backed Multibagger Cybersecurity Company's Stock Hits Upper Circuit Today; Here's Why!
-
1:1 Bonus Shares Announced by This Micro-Cap Multibagger Company; Stock Gains Over 250 Per cent!
-
Rs 1,97,067 million Order Book & FIIs Increased Stake: This Multibagger Infra Company Bags Order Worth Rs 572 Crore, Stock Rallies and Hits 52-Week High Today!
-
Heavy Buying LIC & SBI-Backed Stock Under Rs 30: Stock rallied over 10 per cent Today, FIIs Purchased 200,93,67,970 Shares!
-
Rs 10,887 million order book and 250 per cent returns: Mukul Agrawal backed multibagger stock bags new order worth Rs 156.50 crore!