Thermax received Rs 1,700cr order for supply of CFBC boiler
Energy and environment solutions provider Thermax Ltd today said it has received an order worth Rs.1,700 crore from a leading petrochemical company for the design, manufacture and commissioning of 9 circulating fluidized bed combustion (CFBC) high pressure boilers.
July 05, 2013 / 20:44 IST
Energy and environment solutions provider Thermax Ltd today said it has received an order worth Rs.1,700 crore from a leading petrochemical company for the design, manufacture and commissioning of 9 circulating fluidized bed combustion (CFBC) high pressure boilers.
Also read: Energy price reforms no quick fix for India's blackoutsAll the 9 CFBC boilers will be of 500 TPH (tonnes per hour) each for two plants of the petrochemical company, Thermax said in a statement but did not name its client."The order was won against stiff global competition. The approximate order value is Rs. 1,700 crore, the single largest one from a client for deployment of CFBC boilers," it added.Company's managing director and CEO M S Unnikrishnan said, "This order reflects the customer's confidence in Thermax's extensive experience with CFBC technology across India on a variety of low grade solid fuels, as also trust in our manufacturing and project execution capabilities."The boilers, to be commissioned at client sites within a time frame of 25-29 months, will generate steam for process and power generation and they will use petcoke and coal as fuel, Thermax said.Petcoke, essentially a refinery waste, has high heat value and low ash content, making it a cost-effective fuel. Using fourth generation CFBC technology, Thermax boilers will burn these multiple fuels to achieve high levels of temperature control and almost negligible down time for maintenance, it added.Thermax offers integrated solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. It has manufacturing facilities in India, China and Europe.Shares of the company were trading at Rs. 610 apiece on the BSE at 1400 hours, up 3.05 per cent from its previous close. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
