- 16 Sep 2024
- ICICI Securities
THERMAX BABCOCK & WILCOX ENERGY SOLUTIONS LIMITED (TBWES), HAS BAGGED AN ORDER OF ₹ 516 CRORES
News: Thermax has informed that Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), a wholly owned subsidiary of the Company, has bagged an order of ₹ 516 crores for supply of Two 550 TPH Circulating Fluidised Bed Combustion (CFBC) boiler. It has received order from Jindal Energy Botswana Pty Ltd. The order will be executed in a little over two years. The scope of the order includes Design, Engineering, Manufacturing, Testing, Supply, Supervision (of Erection, Pre commissioning, Commissioning) & Performance Testing of 2 x 550 TPH CFBC boiler.
Views: The order is a repeat order for 2nd phase of 600 MW project, positioning thermax as the sole partner for the entire project in Botswana, Southern Africa. Earlier in July, Thermax had received it's first order.The order will propel the order backlog of the company (Rs 10681 crore as of Q1FY25) and increase the revenue growth visibility over the medium term.
Impact: Positive