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Thermax receives orders worth Rs.546 crore to set up FGD systems in UP

News: Thermax has received orders worth Rs.546 crore from an Indian power public sector company to set up Flue Gas Desulphurisation (FGD) systems for their two units of 500 MW each in UP.

Views: The current order win would further enhance its order inflows, which was at Rs.3552 crore for H1FY22. Its proven technologies capabilities in the area of air pollution especially FGD, where it is already executing few large orders, led to this competitive win.  Going forward, continued order inflow momentum, business diversification efforts towards clean & green energy, strong balance sheet, prudent working capital management would improve revenue visibility and competitive advantage amid challenging environment.

Impact: Positive