THERMAX SUBSIDIARY TBWES WINS Rs 1600 CRORE CONTRACT

Thermax Babcock & Wilcox Energy Solutions (TBWES), a subsidiary of

, has secured a boiler package supply order worth about Rs 1,600 crore for a 800MW ultra-supercritical thermal power project in central India. The scope of work includes manufacturing, supply, commissioning, and performance testing of the boiler package. Having a market cap of Rs 38,300 crore, the company supplies boilers and heaters, absorption chillers/ heat pumps, power plants, solar equipment, and air pollution control equipments. It has delivered good profit growth of 25% CAGR over last 5 year as well as maintained a healthy dividend payout of 23.6%. With new orders on hand, the company's sales and profits are expected to grow in the near future.