Shares of Thermax Limited gained nearly 2% after its wholly owned subsidiary, Thermax Babcock & Wilcox Energy Solutions Limited, secured a major boiler package order worth around ₹1,600 crore. The contract has been awarded by a leading thermal power projects company in Central India for setting up a 1×800 MW ultra-supercritical thermal power plant.
Major Order Strengthens Thermax’s Order Book
The newly secured order is a significant addition to Thermax’s order pipeline and highlights its strong positioning in the power and energy solutions sector. The scope of the contract includes manufacturing, supply, supervision of installation, commissioning, and performance testing of the boiler package.
Execution of the project will be carried out in line with predefined milestones and delivery timelines, ensuring efficient project management and timely completion.
Management Commentary Signals Confidence
Ashish Bhandari, Managing Director and CEO of Thermax, termed the order a “significant breakthrough,” underlining the company’s growing capabilities in handling large-scale energy projects. He also expressed confidence in delivering the project within accelerated timelines while maintaining execution excellence.
This development reflects increasing demand for advanced thermal power infrastructure and positions Thermax as a reliable partner for high-capacity energy projects.