Thermax Group has announced that its wholly-owned subsidiary Thermax Babcock and Wilcox Energy Solutions (TBWES), concluded a Rs 2.93 billion order for a boiler package on EPC basis for a refinery and petroleum complex in western India.
The scope of supply includes design, manufacture, installation, erection, commissioning and testing of the 3 x Oil & Gas fired boilers, the company said in a release. Thermax noted that this turnkey project based on EPC "encompasses civil, structural, mechanical, E & I controls work."
"TBWES has won the order in this competitive bidding project owing to its proven product experience, compliance to quality standards, manufacturing and EPC capabilities," said Ashish Bhandari, MD & CEO, Thermax.
The Pune-based energy and environment solutions provider returned to black, posting a consolidated net profit of Rs 424 million for the quarter ended June 30, 2021. It had posted a Rs 152.7 million net loss during the corresponding quarter of the previous financial year, Thermax Ltd had said in a BSE filing on August 5.
The company's total income April-June 2021 rose to Rs 10.7775 billion, compared with Rs 6.8586 billion in the year-ago period. Its expenses were at Rs 10.2149 billion, compared with Rs 7.0835 billion a year ago.
In a separate statement, Thermax had said that its order booking for the quarter stood at Rs 16.96 billion compared with Rs 6.08 billion in the corresponding quarter last year, "which was impacted due to unprecedented shutdown due to the COVID-19 pandemic".
