Thermax Limited has secured an order valued ₹351 crore from a client in Africa for design, manufacture and commissioning of a captive power plant.
The company feels the repeat order from its client would cement its credentials to offer lump sum turnkey solutions to its customers in Africa.
In a release, Thermax said the power plant was for the African conglomerate’s cement plants the order for which it won against intense global competition.
Thermax MD & CEO M S Unnikrishnan said the company was excited about the business opportunities in Africa. He felt that the two year project management experience in Africa should enable it to seamlessly execute the projects.
The captive power plant, to be commissioned in 15-16 months, would use the latest generation of Atmospheric Fluidised Bed Combustion boilers and high pressure steam cycle for optimal efficiency.
Shares of Thermax had closed at ₹1,064.80, a gain of ₹3.95, on the BSE today.