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Thermax receives orders worth Rs 830 crore for three FGD systems

News: Thermax has received orders worth Rs 830 crore from an Indian private sector company to set up Flue Gas Desulphurisation (FGD) systems for their three units of 660 MW each in Uttar Pradesh.

View: The current order win would further enhance its order inflows which were 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 to improve revenue visibility and competitive advantage amid a challenging environment

Impact: Positive